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1. Library Resource

   

   Factor market imperfections and the land rental market in the highlands of Eritrea: theory and evidence

   Enero, 2004

   Eritrea, África subsahariana

   Tierras

   Renta de la tierra

   Tenencia de la tierra

   This paper looks at the role of market imperfections in explaining leasing behaviour of households using sample data from the Highlands of Eritrea. It looks at the tenancy or land rental market, the position of households in that market (as landlords, tenants or non-participants) and assesses the transaction costs related to the adjustment process in the tenancy market.The paper tests for fixed and variable transaction costs related to adjustment in the land rental market. A two-stage approach for participation in the market as landlords or tenants is used for this.