Land Trade and Development: A Market Design Approach

41 Pages Posted: 8 Aug 2017

See all articles by Gharad Bryan

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

University of Melbourne - Department of Finance

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Date Written: July 10, 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.

Keywords: market design, field experiments, economic development, land trade

JEL Classification: D470, C930, O130, Q150

Suggested Citation

Bryan, Gharad and de Quidt, Jonathan and Wilkening, Tom S. and Yadav, Nitin, Land Trade and Development: A Market Design Approach (July 10, 2017). CESifo Working Paper Series No. 6557, Available at SSRN: https://ssrn.com/abstract=3014683

Gharad Bryan

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

Houghton Street
London WC2A 2AE
United Kingdom

Jonathan De Quidt (Contact Author)

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

University of Melbourne - Department of Finance ( email )

Faculty of Economics and Commerce
Parkville, Victoria 3010 3010
Australia

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