Land Trade and Development: A Market Design Approach

42 Pages Posted: 18 Jul 2017  

Gharad Bryan

London School of Economics & Political Science (LSE) - Department of Economics

Jonathan de Quidt

Stockholm University - Institute for International Economic Studies (IIES)

Tom Wilkening

University of Melbourne

Nitin Yadav

The University of Melbourne - Department of Finance

Multiple version iconThere are 2 versions of this paper

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

Bryan, Gharad and de Quidt, Jonathan and Wilkening, Tom and Yadav, Nitin, Land Trade and Development: A Market Design Approach (July 2017). CEPR Discussion Paper No. DP12136. Available at SSRN: https://ssrn.com/abstract=3003913

Gharad Bryan (Contact Author)

London School of Economics & Political Science (LSE) - Department of Economics ( email )

Houghton Street
London WC2A 2AE
United Kingdom

Jonathan De Quidt

Stockholm University - Institute for International Economic Studies (IIES) ( email )

Stockholm, SE-10691
Sweden

Tom S. Wilkening

University of Melbourne ( email )

FBE Building, Level 4
111 Barry Street, Carlton, Victoria 3053
Melbourne, Carlton 3054
Australia
+61 3 8344 7027 (Phone)

HOME PAGE: http://www.tomwilkening.com

Nitin Yadav

The University of Melbourne - Department of Finance ( email )

Faculty of Economics and Commerce
Parkville, Victoria 3010 3010
Australia

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