Land Reform and Productivity Gains with Multiple Market Imperfections

Pavel Ciaian

EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels

Abstract: This paper uses a model with transaction costs and imperfect competition in the land market to analyze the efficiency and welfare effects of land reforms. We show that removing only one imperfection may have very different efficiency and welfare effects than would otherwise result from reforms that reduce both imperfections. In extreme cases, partial reforms can actually lead to welfare losses. The welfare effects are affected by the size of transaction costs, relative farm productivity and farm land demand elasticities. Partial reforms also have important income distribution effects.

Keywords: Land market; transaction costs; imperfect competition; land reform; welfare effects (search for similar items in EconPapers)
JEL-codes: D33 D61 L12 P23 Q12 Q15 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2007-02
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eei:rpaper:eeri_rp_2007_01

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