Informal land registration under unclear property rights: witnessing contracts, redevelopment, and conferring property rights
نویسندگان
چکیده
منابع مشابه
Informal Institutions and Property Rights
In recent years, the call for strong and clear property rights has grown in law and development circles. In the landmark book The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else, de Soto put forth the claim that “strong and clear” property rights, formalized rather than informal, are necessary for economic efficiency and for the protection of the poor, who occu...
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We propose a framework with endogenous allocation of land between agricultural production, sustainable forest management, and unsustainable forest exploitation in the form of illegal logging to explore deforestation and agricultural and timber supplies when property rights are insecure. Uncertainty over property rights arises through risk of confiscation on sustainably-managed forest land, and ...
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Insecure property rights over land have multiple ramifications for agriculture and the organization of rural economic activity (Besley and Ghatak 2009). The risk that land will be expropriated deters investment. Insecure property rights reduce the ability of borrowers to pledge land as collateral and thus tighten credit constraints. Ill-defined property right over land can inhibit land transact...
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Let [(R ec , R uc), (R ev , R uv)] represent an ownership structure where R ec represents the client's excludability rights, R uc represents the client's usability rights, R ev represents the vendor's excludability rights, and R uv represents the vendor's usability rights. Because of the diagonal symmetry only the bottom left diagonal will be discussed in detail.
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ژورنال
عنوان ژورنال: Land Use Policy
سال: 2016
ISSN: 0264-8377
DOI: 10.1016/j.landusepol.2015.09.016