van de Walle, DominiqueRavallion, Martin2014-07-312014-07-312003-01https://hdl.handle.net/10986/19165While liberalizing key factor markets is a crucial step in the transition from a socialist control-economy to a market economy, the process can be stalled by imperfect information, high transaction costs, and covert resistance from entrenched interests. The authors study land-market adjustment in the wake of Vietnam's reforms aiming to establish a free market in land-use rights following de-collectivization. Inefficiencies in the initial administrative allocation are measured against an explicit counterfactual market solution. The authors' tests using a farm-household panel data set spanning the reforms suggest that land allocation responded positively but slowly to the inefficiencies of the administrative allocation. They find no sign that the transition favored the land rich or that it was thwarted by the continuing power over land held by local officials.en-USCC BY 3.0 IGOLAND ALLOTMENTMARKET LIBERALIZATIONINFORMATION DISSEMINATIONTRANSACTION COSTSLAND MARKETSLAND USELAND RIGHTSLAND ADMINISTRATIONADMINISTRATIVE POLICYADMINISTRATIVE EFFICIENCIES AGRICULTURAL LANDAGRICULTURAL LAND-USEAGRICULTURAL OUTPUTAGRICULTUREALLOCATION OF LANDCOMMUNITIESCONSTRUCTIONCONSUMPTION EXPENDITURESCROPSCULTIVATED LANDDECISION MAKINGECONOMICSEQUILIBRIUMFARMERSFORESTGENDERHOUSINGINCOMEINCOME INEQUALITYINCOMESINSURANCEIRRIGATED LANDLABOR FORCELAND ALLOCATIONLAND APPROPRIATIONLAND HOLDINGSLAND LAWLAND MARKETLAND OWNERSHIPLAND TITLESLAND TRANSACTIONSLAND USELAND- USELAND-USELANDLESSNESSLOCAL AUTHORITIESMARKET FACTORSPOLITICAL ECONOMYPRIVATE LANDPUBLIC SERVICESRESIDENTIAL LANDRURAL AREASRURAL ECONOMYTERMS OF TRADETRANSACTION COSTSUNIVERSITIESUSE VALUEVILLAGESADMINISTRATIVE EFFICIENCIESAGRICULTURAL LAND10.1596/1813-9450-2951