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Autoren: 
Bryan, Gharad
de Quidt, Jonathan
Wilkening, Tom
Yadav, Nitin
Datum: 
2017
Reihe/Nr.: 
CESifo Working Paper 6557
Zusammenfassung: 
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.
Schlagwörter: 
market design
field experiments
economic development
land trade
JEL: 
D47
C93
O13
Q15
Dokumentart: 
Working Paper

Datei(en):
Datei
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