Land Trade and Development: A Market Design Approach
42 Pages Posted: 18 Jul 2017
There are 2 versions of this paper
Land Trade and Development: A Market Design Approach
Date Written: July 2017
Abstract
Small farms and fragmented plots are hallmarks of agriculture in less-developed countries, and there is evidence of high returns to land consolidation and reallocation. Complementarities, holdout and asymmetric information mean that private trade will be slow to reallocate land, and imply that market design has the potential to contribute to the development process. Complexity concerns are, however, paramount. We present results from a framed field experiment with Kenyan farmers, comparing the performance of several continuous-time land exchanges. Farmers are able to achieve high degrees of efficiency, and to comprehend and gain from a relatively complicated package exchange.
JEL Classification: C93, D47, O13, Q15
Suggested Citation: Suggested Citation
Register to save articles to
your library
Land Trade and Development: A Market Design Approach
This is a CEPR Discussion Paper. CEPR charges a fee of $8.00 for this paper.
If you wish to purchase the right to make copies of this paper for distribution to others, please select the quantity.
