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| Author: | Alston, L. Libecap, G. Schneider, R. |
| Title: | Property rights and the preconditions for markets: the case of the Amazon frontier |
| Journal: | Journal of Institutional and Theoretical Economics
1995 : MAR, VOL. 151:1, p. 89-107 |
| Index terms: | PROPERTY MARKETS ECONOMICS |
| Language: | eng |
| Abstract: | The authors examine the development of property rights to land on the frontier in the Brazilian Amazon. Based on survey data, they find that: land further from markets is low valued and less likely to have title; settlers who occupy the frontier have less human and physical capital than infra-frontier settlers; settlers perceive titles to land as raising land values and expend considerable resources to obtain title; as settlements mature, land markets develop and those with low opportunity costs sell, while those with high opportunity costs remain; and the development of land markets enables settlers to accumulate wealth. |
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