Land tenure and property rights: theory and implications for development policy | Land Portal

Informations sur la ressource

Date of publication: 
décembre 1991
Resource Language: 
ISBN / Resource ID: 

This article explores the nature of property rights systems, their evolution, and their effect on resource allocation. It is argued that certain institutional arrangements for land rights have evolved in order to reduce uncertainty and increase efficiency in credit as well as in land markets. Of particular relevance to developing countries, the article emphasizes the contribution of public sector infrastructure to effective land rights systems. An appendix to the article presents a formal model analyzing the effects of security of land rights on land prices, the intensity of cultivation, and the use of credit. Empirical evidence from Thailand supports several of the propositions derived from the model.

Auteurs et éditeurs

Author(s), editor(s), contributor(s): 

Feder, Gershon
Feeny, David

Fournisseur de données

The purpose of the Mekong Land Research Forum online site is to provide structured access to published and unpublished research on land issues in the Mekong Region. It is based on the premise that debates and decisions around land governance can be enhanced by drawing on the considerable volume of research, documented experience and action-based reflection that is available.

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