[PDF] The Impact Of Large Landowners On Land Markets eBook

Author : Raphael W. Bostic
Publisher :
Page : 244 pages
File Size : 27,20 MB
Release : 2009
Category : Business & Economics
ISBN :

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The chapters in this volume examine the effect large landowners or institutions have on local land markets and the tensions that can arise between public and private interests. In the United States the large tracts of land held by private owners are often situated on the fringes of metropolitan areas. Frequently this land is in transition from agricultural to urban uses, and represents a source of income or a legacy for the next generation. Many universities and other non-profit institutions own large parcels of land and have a bargaining advantage in town-gown issues due to their contribution to the urban economy. In Nigeria, like much of Africa, a considerable portion of land is held privately, albeit communally. Land ownership and land supply decisions have more to do with family or clan marriages than with the logic of city building. This book, a result of the Lincoln Institute of Land Policys' September 2006 conference, brings together experts who address the following land policy questions. - What happens when one owner or one institution has significant control over the local land market? - How do the actions of individual landowners affect our capacity to create cities that work for all? - How well can these individual actors balance the competing interests of those living in neighborhoods, towns, cities, and regions? Despite the tensions that can arise between the stakeholders during the development process, the tensions are not the problem. Rather, they are the challenge and the opportunity to collectively shape our cities.

Author : Klaus W. Deininger
Publisher : World Bank Publications
Page : 49 pages
File Size : 10,56 MB
Release : 1998
Category : Derechos de propiedad
ISBN :

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November 1998 Secure property rights to land and well-functioning land rental and sales markets are essential for creating investment incentives, improving the allocation of land, and developing financial markets. Yet regulatory restrictions on land rental and sales and regulatory frameworks providing inadequate tenure security are common. This paper looks at the impact of imperfections in other factor markets and the costs and benefits of government intervention to improve the security of property rights and the functioning of land markets and draws conclusions about land policy issues. In agrarian societies land serves as the main means not only for generating a livelihood but often also for accumulating wealth and transferring it between generations. How land rights are assigned therefore determines households' ability to generate subsistence and income, their social and economic status (and in many cases their collective identity), their incentive to exert nonobservable effort and make investments, and often their ability to access financial markets or to make arrangements for smoothing consumption and income. With imperfections in other markets, the institutions governing the allocation of land rights and the functioning of land markets will have implications for overall efficiency as well as equity. The authors examine how property rights in land evolve from a situation of land abundance. They discuss factors affecting the costs and benefits of individual land rights and highlight the implications of tenure security for investment incentives. They also review factors affecting participation in land sales and rental markets, particularly the characteristics of the agricultural production process, labor supervision cost, credit access, the risk characteristics of an individual's asset portfolio, and the transaction costs associated with market participation. These factors will affect land sales and rental markets differently. Removing obstacles to the smooth functioning of land rental markets and taking measures to enhance potential tenants' endowments and bargaining power can significantly increase both the welfare of the poor and the overall efficiency of resource allocation. Drawing on their conceptual discussion, the authors draw policy conclusions about the transition from communal to individual and more formal land rights, steps that might be taken to improve the functioning of land sales and rental markets, and the scope for redistributive land reform. This paper--a product of Rural Development, Development Research Group--was prepared as background for the forthcoming Handbook on Agricultural Economics. The authors may be contacted at [email protected] or [email protected].

Author : Gershon Feder
Publisher :
Page : 49 pages
File Size : 15,41 MB
Release : 2016
Category :
ISBN :

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Secure property rights to ...

Author : Pavel Ciaian
Publisher :
Page : 0 pages
File Size : 10,31 MB
Release : 2010
Category : Political Science
ISBN : 9789290799634

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Since 2005, the European Union has provided farmers with subsidies that are not linked directly to production of specific crops, through the single payment scheme (SPS), as part of reforms to its common agricultural policy. This book investigates to what extent the SPS has led to the capitalization of support into land values in the EU. Economic theory and empirical findings suggest that the way in which agricultural support is provided to farmers has an influence on land markets. Subsidies tend to become capitalized into land values to some degree, affecting both the sales and rental prices of land. These effects in turn have a bearing on the transfer efficiency of the support and structural change in agriculture. Drawing from a combination of data sources, 11 country and 18 regional studies, this extensive empirical analysis offers preliminary findings of the reaction of EU land markets and asset values to the changes in EU policy.

Author : Somik V. Lall
Publisher : Springer Science & Business Media
Page : 434 pages
File Size : 42,84 MB
Release : 2009-10-07
Category : Political Science
ISBN : 1402088620

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As urbanization progresses at a remarkable pace, policy makers and analysts come to understand and agree on key features that will make this process more efficient and inclusive, leading to gains in the welfare of citizens. Drawing on insights from economic geography and two centuries of experience in developed countries, the World Bank’s World Development Report 2009: Reshaping Economic Geography emphasizes key aspects that are fundamental to ensuring an efficient rural-urban transformation. Critical among these are land, as the most important resource, and well-functioning land markets. Regardless of the stage of urbanization, flexible and forward-looking institu- ons that help the efficient functioning of land markets are the bedrock of succe- ful urbanization strategies. In particular, institutional arrangements for allocating land rights and for managing and regulating land use have significant implica- ons for how cities deliver agglomeration economies and improve the welfare of their residents. Property rights, well-functioning land markets, and the management and servicing of land required to accommodate urban expansion and provide trunk infrastructure are all topics that arise as regions progress from incipient urbani- tion to medium and high density.

Author : Michael Albertus
Publisher : Cambridge University Press
Page : 417 pages
File Size : 16,84 MB
Release : 2021-01-07
Category : Business & Economics
ISBN : 1108835236

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A new understanding of the causes and consequences of incomplete property rights in countries across the world.