This book presents an analysis of betterment and compensation issues under the Land Use Rights
(LURs) System in China since 1988. The topic originates from the observation of widening inequity
and increasing uncertainty associated with the failure of government to adequately address
betterment and compensation issues. An analytical framework of institutions and property rights is
employed to examine socio-economic impacts under the LURs system, in particular, the role of the
state is analyzed to explore the effects of government intervention in land markets.