Cookies?
Library Header Image
LSE Research Online LSE Library Services

Robin Hood’s compromise : the economics of moderate land reforms

Bandiera, Oriana and Levy, Gilat (2004) Robin Hood’s compromise : the economics of moderate land reforms. Contributions to Economic Analysis and Policy, 3 (1). Article 19. ISSN 1935-1682

[img]
Preview
PDF
Download (324Kb) | Preview

Abstract

This paper analyses the consequences of an unusual type of land redistribution; we take land from the very rich, as usual, but give it to the rich instead of the poor. We show that such “moderate” reform reduces agency costs and thereby increases productivity, total surplus in the economy, and the welfare of rural workers. Compared to the classic redistribution ”to the tiller”, moderate reforms do worse in terms of equity and do not give the poor a collaterizable asset. They can however do equally well in terms of efficiency and might be more sustainable both financially and politically.

Item Type: Article
Official URL: http://www.bepress.com/bejeap/
Additional Information: © 2004 Berkeley Electronic Press
Library of Congress subject classification: H Social Sciences > HB Economic Theory
Sets: Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Departments > Economics
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 16 Dec 2005
URL: http://eprints.lse.ac.uk/542/

Actions (login required)

Record administration - authorised staff only Record administration - authorised staff only

Downloads

Downloads per month over past year

View more statistics