Publication: Village Fairness Norms and Land-Rental Markets
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Embargoed until 2025-09-06
Embargoed until 2025-09-06
Date
2024-03-06
ISSN
0258-6770
Published
2024-03-06
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Abstract
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.
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“Krah, Kwabena; Maertens, Annemie; Mhango, Wezi; Michelson, Hope; Nourani, Vesall. 2024. Village Fairness Norms and Land-Rental Markets. World Bank Economic Review. © World Bank. http://hdl.handle.net/10986/42416 License: CC BY-NC-ND 3.0 IGO
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World Bank Economic Review
1564-698X
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- Cited 1 times in Scopus (view citations)
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