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| Vranken, Liesbet; Macours, Karen; Noev, Nivelin; Swinnen, Johan F.M.. |
| This paper analyzes how imperfections of property rights affect allocation of assets and welfare, using micro-survey data from Bulgaria. Co-ownership of assets is widespread in many countries due to inheritance. Central and Eastern Europe offers an interesting natural experiment to assess the effects of such rights imperfections because of the asset restitution process in the 1990s. Bulgaria is particularly interesting because of the prominence of the co-ownership problem (about half of all land plots are co-owned), because of the strong fragmentation of land, and because of legislation providing an instrument to separate out chosen (endogenous) versus forced (exogenous) forms of co-ownership. We find that land in co-ownership is much more likely to be... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
| Ano: 2007 |
URL: http://purl.umn.edu/9449 |
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| Vranken, Liesbet; Macours, Karen; Noev, Nivelin; Swinnen, Johan F.M.. |
| This paper analyzes how imperfections of property rights affect allocation of assets and welfare, using micro-survey data from Bulgaria. Co-ownership of assets is widespread in many countries due to inheritance. Central and Eastern Europe offers an interesting natural experiment to assess the effects of such rights imperfections because of the asset restitution process in the 1990s. Bulgaria is particularly interesting because of the prominence of the co-ownership problem (about half of all land plots are co-owned), because of the strong fragmentation of land, and because of legislation providing an instrument to separate out chosen (endogenous) versus forced (exogenous) forms of coownership. We find that land in co-ownership is much more likely to be used... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use; Resource /Energy Economics and Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/7795 |
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| Vranken, Liesbet; Macours, Karen; Noev, Nivelin; Swinnen, Johan F.M.. |
| This study used a unique 2003 survey dataset to analyse the developments in land use and exchange in Bulgaria. The survey analysis yields several results. Land is highly fragmented in Bulgaria which increases the need for an efficient exchange of land between owners and users of land. However, the land sales market is not well developed. In contrast, land rental agreements are very widespread. Land rental is widely used to exchange land between owners and users of the land. The users include a variety of farm types, including cooperatives, farming companies, and individual farms. While land titles are distributed and land plots clearly defined and delineated, an important property rights problem exists under the form of so-called "co-ownership". By law,... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use; Resource /Energy Economics and Policy. |
| Ano: 2006 |
URL: http://purl.umn.edu/25361 |
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| Noev, Nivelin; Swinnen, Johan F.M.; Vranken, Liesbet. |
| The paper describes completely the current status of the land rental markets in Bulgaria and Former Yugoslav Republic of Macedonia. It presents survey evidences and analyses the problems related to the transfer of land, land registration, land ownership and co-ownership, transaction costs, land contracts, land abandonment. It also gives a detailed picture on the different groups of participants in the land rental markets in the both countries. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Land Economics/Use. |
| Ano: 2004 |
URL: http://purl.umn.edu/31889 |
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