Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/142508
Authors: 
Ciaian, Pavel
Year of Publication: 
2007
Series/Report no.: 
EERI Research Paper Series 01/2007
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.
Subjects: 
Land market
transaction costs
imperfect competition
land reform
welfare effects
JEL: 
D33
D61
L12
P23
Q12
Q15
Document Type: 
Working Paper

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