The economics of land title reform

This paper develops a model of land title reform in which the voluntary adoption of a new system is not likely to be successful, even if the new system Pareto dominates the existing one. The problem is an externality that prevents individual landowners from internalizing fully the benefits of the ne...

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Published inJournal of Comparative Economics Vol. 31; no. 2; pp. 246 - 256
Main Authors Miceli, Thomas J., Kieyah, Joseph
Format Journal Article
LanguageEnglish
Published San Diego Elsevier Inc 01.06.2003
Elsevier
Elsevier BV
SeriesJournal of Comparative Economics
Subjects
Agricultural policy
Agriculture
Developing countries
Economic development
Economic growth
Economic reform
Economics
Land market
Land reform
Land rights
LDCs
Property rights
K11
O17
Q15
R52
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Abstract This paper develops a model of land title reform in which the voluntary adoption of a new system is not likely to be successful, even if the new system Pareto dominates the existing one. The problem is an externality that prevents individual landowners from internalizing fully the benefits of the new system. Some evidence is presented based on historic efforts to institute land registration in the United States and England. Implications are also drawn for ongoing attempts by developing countries to establish formal property rights systems for land in support of a policy to spur economic growth.
AbstractList This paper develops a model of land title reform in which the voluntary adoption of a new system is not likely to be successful, even if the new system Pareto dominates the existing one. The problem is an externality that prevents individual landowners from internalizing fully the benefits of the new system. Some evidence is presented based on historic efforts to institute land registration in the United States and England. Implications are also drawn for ongoing attempts by developing countries to establish formal property rights systems for land in support of a policy to spur economic growth.
Author Miceli, Thomas J.
Kieyah, Joseph
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Cites_doi 10.1093/aler/3.2.275
10.1086/467568
10.1093/oxfordjournals.jleo.a023360
10.1016/0305-750X(96)00010-1
10.1086/467743
10.1086/262008
10.1086/324658
10.1257/jel.39.4.1215
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References Besley (BIB005) 1995; 103
Shick, Plotkin (BIB015) 1978
Miceli, Sirmans, Kieyah (BIB014) 2001; 3
Cribbet (BIB007) 1975
Dong (BIB010) 1996; 24
Alston, Libecap, Mueller (BIB001) 1999
De Soto (BIB009) 2000
Janczyk (BIB012) 1977; 6
Baird, Jackson (BIB003) 1984; 13
Bostick (BIB006) 1987; 63
Demsetz (BIB008) 1967; 57
Ensminger (BIB011) 1997
Miceli, Sirmans (BIB013) 1997; 11
Alston, Libecap, Schneider (BIB002) 1996; 12
Woodruff (BIB016) 2001; 39
Baker, Miceli, Sirmans, Turnbull (BIB004) 2002; 31
Miceli (10.1016/S0147-5967(03)00041-6_BIB014) 2001; 3
Shick (10.1016/S0147-5967(03)00041-6_BIB015) 1978
Demsetz (10.1016/S0147-5967(03)00041-6_BIB008) 1967; 57
Baker (10.1016/S0147-5967(03)00041-6_BIB004) 2002; 31
Cribbet (10.1016/S0147-5967(03)00041-6_BIB007) 1975
Dong (10.1016/S0147-5967(03)00041-6_BIB010) 1996; 24
Alston (10.1016/S0147-5967(03)00041-6_BIB002) 1996; 12
Bostick (10.1016/S0147-5967(03)00041-6_BIB006) 1987; 63
Alston (10.1016/S0147-5967(03)00041-6_BIB001) 1999
Ensminger (10.1016/S0147-5967(03)00041-6_BIB011) 1997
Besley (10.1016/S0147-5967(03)00041-6_BIB005) 1995; 103
Janczyk (10.1016/S0147-5967(03)00041-6_BIB012) 1977; 6
De Soto (10.1016/S0147-5967(03)00041-6_BIB009) 2000
Miceli (10.1016/S0147-5967(03)00041-6_BIB013) 1997; 11
Woodruff (10.1016/S0147-5967(03)00041-6_BIB016) 2001; 39
Baird (10.1016/S0147-5967(03)00041-6_BIB003) 1984; 13
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Snippet This paper develops a model of land title reform in which the voluntary adoption of a new system is not likely to be successful, even if the new system Pareto...
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SubjectTerms Agricultural policy
Agriculture
Developing countries
Economic development
Economic growth
Economic reform
Economics
Land market
Land reform
Land rights
LDCs
Property rights
Title The economics of land title reform
URI https://dx.doi.org/10.1016/S0147-5967(03)00041-6
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