Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/282589 
Year of Publication: 
2023
Series/Report no.: 
IZA Discussion Papers No. 16462
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
We propose an urban land use model to discuss the conversion of customary agricultural land to formal and informal residential land in a developing country city. Because customary land sales are insecure, migrant buyers face a risk of eviction, which affects land markets in non-trivial ways. Both tenure risk and asymmetric information cause the city extent and population to be too small. Empirical tests of the model for Bamako, Mali, confirm the existence of tenure insecurity and information asymmetry in the primary but not in the secondary land market, consistently with information revelation after initial sales by customary holders.
Subjects: 
urbanization
land markets
property rights
land tenure formalization
market failure
JEL: 
O12
R14
P14
Document Type: 
Working Paper

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