RETHINKING THE DEMAND FOR INSTITUTIONAL INNOVATION LAND RIGHTS AND LAND MARKETS IN THE WEST AFRICAN SAHEL
In contrast to literature which focuses on the how collective action problems inhibit the supply of efficient institutions, this paper uses dynamic stochastic general equilibrium methods to study the demand for institutional innovation. Focusing on the innovation of alienabile land rights in the West African Sahel, this microeconomic approach offers several contributions to the theory of institutional innovation.