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D23

Organizational Behavior; Transaction Costs; Property Rights

Publication

Forest commons, vertical integration and smallholder’s saving and investment responses: Evidence from a quasi-experiment

Dambala Gelo
As the result of prohibitively high transaction costs, smallholder farmers are only partly integrated into agricultural and forest commodity markets, a situation that may leave them in a lower level of development equilibrium (i.e., a poverty trap). For the most part, many users of forest commons...
Aug 2020
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Publication

Why local context matters: de jure and de facto property rights in colonial South Africa

Christie Swanepoel and Johan Fourie
For economic transactions, including debt transactions, to occur in a market system, property rights are essential. The literature has focussed on finding empirical proof of the effect of property right regimes, noting differences between de jure and de facto property rights. Yet most of these...
Jul 2016
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