RISKâ€ COPING, LAND TENURE AND LAND MARKETS: AN OVERVIEW OF THE LITERATURE
Journal of Economic Surveys, 2018, vol. 32, issue 1, 176-193
Over the last decades, a significant amount of literature has been published on informal riskâ€ coping in developing countries. In this paper, we review how informal riskâ€ coping has been addressed in the land tenure literature from two main perspectives: a first stream of research looks at how customary tenure and communal property perform key informal riskâ€ coping functions. A second subset of this literature analyses how informal riskâ€ coping creates land market imperfections through sharecropping or distress sales. The segmentation of the literature results from the Demsetzian property rights framework. Further research on riskâ€ coping and land tenure would benefit from examining recent work on property regimes.
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jecsur:v:32:y:2018:i:1:p:176-193
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