This paper documents the role of village fairness norms in land markets. A strong and robust relationship is established between experimentally elicited village-level fairness norms and land-rental rates across 250 Malawian villages. Stronger fairness norms correlate with a tighter range in village rental rates. The study suggests that the fairness norms for tenants appear to be more important, constraining the land-rental price range by a price ceiling...
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2024/03/06
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Journal Article
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194380
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1
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2024/10/29
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Disclosed
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Village Fairness Norms and Land-Rental Markets
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Citation
Kwabena Krah; Annemie Maertens; Wezi Mhango; Hope Michelson; Vesall Nourani.
Village Fairness Norms and Land-Rental Markets (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099614510292433984