English, Article edition: Reassessing the interaction between investment and tenure uncertainty ROBINSON, ELIZABETH J. Z.

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Reassessing the interaction between investment and tenure uncertainty
Author
  • ROBINSON, ELIZABETH J. Z.
Physical Description
  • article
Notes
  • A diverse body of empirical literature recognizes that investment can influence tenure security, yet this phenomenon has rarely been examined analytically. This paper develops a theoretical model that demonstrates explicitly conditions under which the probability of eviction is endogenous to investment undertaken on illegally encroached land. By accommodating explicitly the government s objective function and its ability to commit credibly to an eviction policy, the model reveals why both those farmers who under-invest, and those who raise their investment levels to improve tenure security, may be behaving rationally. Indeed, both types of behaviour are accommodated within a single model.
  • RePEc:cup:endeec:v:10:y:2005:i:02:p:143-157_00
Language
  • English
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