Calendrier du 19 décembre 2019
TOM (Théorie, Organisation et Marchés) Lunch Seminar
Du 19/12/2019 de 12:30 à 13:30
salle R2-20, campus Jourdan - 75014 Paris
GLEYZE Simon (PSE)
Segregation and Expectation Formation on the Returns to Schooling
écrit avec Philippe Jehiel PSE/UCL
brown bag Travail et Économie Publique
Du 19/12/2019 de 12:30 à 13:30
LETROUIT Lucie (Université Gustave Eiffel)
From trust to registration: Alternative responses to urban land tenure insecurity in developing countries
écrit avec Co-author: H. Selod
We study, in an urban land use model, the inefficiencies associated with tenure insecurity and information asymmetry, and households' responses to mitigate tenure insecurity. When buyers and sellers of land plots can match along trusted kinship lines whereby deception (i.e., when sellers do not disclose competing claims on a plot to buyers) is socially penalized, information asymmetry is attenuated but overall participation in the market is reduced. When owners can make plots secure by paying to register them in a cadaster, information asymmetry is also reduced but the registration cost limits land-use conversion at the periphery of the city. We compare the overall surplus under these two models and under a hybrid version where both registration and trust relationships are available options. The analysis highlights the substitutability of trust relationships to costly registration and the gradual evolution of developieconomies towards full cadastral coverage if registration costs can be reduced.