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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title Land rental markets: experimental evidence from Kenya
Organization Unit
Authors
  • Michelle Acampora
  • Lorenzo Casaburi
  • Jack Willis
Language
  • English
Institution National Bureau of Economic Research
Series Name NBER Working Paper Series
Number 30495
Number of Pages 90
Date 2023
Abstract Text Do land market frictions cause misallocation in agriculture? In a field experiment in Western Kenya, we randomly subsidize owners to rent out land. Transferring cultivation rights to renters increases output and value added on the plots, consistent with imperfect land markets and misallocation, and induced rentals persist after the subsidy ends. Additional analysis provides insights on the magnitude and nature of land frictions - which include search, risks, and learning - and on the sources of gains from trade - which include differences between owners and renters in crop choices, productivity, and financial market constraints, but not in labor constraints.
Official URL https://www.nber.org/papers/w30495
Digital Object Identifier 10.3386/w30495
Other Identification Number merlin-id:23243
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