Midlands State University Library
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Land lease markets and agricultural efficiency in Ethiopia John Pender, Marcel Fafchamps

By: Contributor(s): Material type: TextTextSeries: ; Volume 15, number 2Oxford : Oxford University Press, 2006Content type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
Subject(s): LOC classification:
  • HC800 JOU
Online resources: Summary: This paper develops a theoretical model of land leasing that includes transaction costs of enforcing labour effort, risk pooling motives and non-tradable capital inputs. We test the implications of this model compared to those of the “Marshallian” (unenforceable labour effort) and “New School” (costlessly enforceable effort) perspectives using data collected from four villages in Ethiopia. We find that land lease markets operate relatively efficiently in the villages studied, supporting the New School perspective. We find that other household and village characteristics do affect input use and output value, suggesting imperfections in other factor markets
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Holdings
Item type Current library Call number Vol info Copy number Status Notes Date due Barcode
Journal Article Journal Article Main Library - Special Collections HC800 JOU (Browse shelf(Opens below)) vol. 15, no. 2 (pages9251-284) SP1216 Not for loan For In house Use

This paper develops a theoretical model of land leasing that includes transaction costs of enforcing labour effort, risk pooling motives and non-tradable capital inputs. We test the implications of this model compared to those of the “Marshallian” (unenforceable labour effort) and “New School” (costlessly enforceable effort) perspectives using data collected from four villages in Ethiopia. We find that land lease markets operate relatively efficiently in the villages studied, supporting the New School perspective. We find that other household and village characteristics do affect input use and output value, suggesting imperfections in other factor markets

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