Rehabilitation Myths? How transaction costs reduce farmer welfare after land acquisition
In this article, we show how transaction costs lead to farmer marginalization as displaced farmers embark on the process of acquiring new land. Existing studies have focused on the links between monetary compensation and landowners’ investment decisions, but before new land is acquired. However, the...
| Autores principales: | , |
|---|---|
| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
SAGE Publications
2017
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| Acceso en línea: | https://hdl.handle.net/10568/165050 |
| _version_ | 1855516559865282560 |
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| author | Patil, Vikram Ghosh, Ranjan |
| author_browse | Ghosh, Ranjan Patil, Vikram |
| author_facet | Patil, Vikram Ghosh, Ranjan |
| author_sort | Patil, Vikram |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | In this article, we show how transaction costs lead to farmer marginalization as displaced farmers embark on the process of acquiring new land. Existing studies have focused on the links between monetary compensation and landowners’ investment decisions, but before new land is acquired. However, the post-displacement scenario and the investment decisions of land owners to restore income have not been carefully examined. We use a transaction cost framework to suggest that local specificities related to land characteristics, uncertainties in search for alternatives and information constraints may impose high non-monetary costs on displaced farmers and force them to settle for inferior new land. The article concludes with a preliminary assessment of whether the newly enacted land acquisition framework, the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (RFCTLARR) Act 2013, promises to minimize these ex-post transaction costs that farmers face. |
| format | Journal Article |
| id | CGSpace165050 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2017 |
| publishDateRange | 2017 |
| publishDateSort | 2017 |
| publisher | SAGE Publications |
| publisherStr | SAGE Publications |
| record_format | dspace |
| spelling | CGSpace1650502024-12-22T05:44:44Z Rehabilitation Myths? How transaction costs reduce farmer welfare after land acquisition Patil, Vikram Ghosh, Ranjan In this article, we show how transaction costs lead to farmer marginalization as displaced farmers embark on the process of acquiring new land. Existing studies have focused on the links between monetary compensation and landowners’ investment decisions, but before new land is acquired. However, the post-displacement scenario and the investment decisions of land owners to restore income have not been carefully examined. We use a transaction cost framework to suggest that local specificities related to land characteristics, uncertainties in search for alternatives and information constraints may impose high non-monetary costs on displaced farmers and force them to settle for inferior new land. The article concludes with a preliminary assessment of whether the newly enacted land acquisition framework, the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (RFCTLARR) Act 2013, promises to minimize these ex-post transaction costs that farmers face. 2017-04 2024-12-19T12:54:38Z 2024-12-19T12:54:38Z Journal Article https://hdl.handle.net/10568/165050 en SAGE Publications Patil, Vikram; Ghosh, Ranjan. 2017. Rehabilitation Myths? How transaction costs reduce farmer welfare after land acquisition. Journal of South Asian Development, Volume 12 no. 1 p. 1-17 |
| spellingShingle | Patil, Vikram Ghosh, Ranjan Rehabilitation Myths? How transaction costs reduce farmer welfare after land acquisition |
| title | Rehabilitation Myths? How transaction costs reduce farmer welfare after land acquisition |
| title_full | Rehabilitation Myths? How transaction costs reduce farmer welfare after land acquisition |
| title_fullStr | Rehabilitation Myths? How transaction costs reduce farmer welfare after land acquisition |
| title_full_unstemmed | Rehabilitation Myths? How transaction costs reduce farmer welfare after land acquisition |
| title_short | Rehabilitation Myths? How transaction costs reduce farmer welfare after land acquisition |
| title_sort | rehabilitation myths how transaction costs reduce farmer welfare after land acquisition |
| url | https://hdl.handle.net/10568/165050 |
| work_keys_str_mv | AT patilvikram rehabilitationmythshowtransactioncostsreducefarmerwelfareafterlandacquisition AT ghoshranjan rehabilitationmythshowtransactioncostsreducefarmerwelfareafterlandacquisition |