Village Fairness Norms and Land-Rental Markets

• Tác giả: Kwabena Krah
• Ngôn ngữ: eng
• Ký hiệu phân loại: 333.33 Transfer of possession and of right to use
• Thông tin xuất bản: Published by Oxford University Press on behalf of the World Bank, 2024
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 306028
• Chủ đề: 1. FAIRNESS NORMS; 2. LAND MARKETS; 3. LAND RENTAL; 4. MALAWI; 5. SUB-SAHARAN AFRICA

Tóm tắt

This paper documents the role of village fairness norms in land markets. A strong and robust relationship is established between experimentally elicited village-level fairness norms and land-rental rates across 250 Malawian villages. Stronger fairness norms correlate with a tighter range in village rental rates. The study suggests that the fairness norms for tenants appear to be more important, constraining the land-rental price range by a price ceiling rather than a price floor. The results further indicate that rented-in fields are of lower agronomic quality than owner-cultivated fields, but do not find any statistically significant relationship between the fairness norms and land-rental activity in the village.