Land Trade and Development: A Market Design Approach

Gharad Bryan, Jonathan de Quidt, Tom Wilkening and Nitin Yadav

No 6557, CESifo Working Paper Series from CESifo

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 (search for similar items in EconPapers)
JEL-codes: C93 D47 O13 Q15 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-agr, nep-des and nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Working Paper: Land Trade and Development: A Market Design Approach (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_6557

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