Since 2014
The comprehensive agrarian reform program and Coase theorem
Philippine Review of Economics
View Archive Info| Field | Value | |
| Title |
The comprehensive agrarian reform program and Coase theorem
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| Creator |
Fabella, Raul V.; University of the Philippines School of Economics UP Diliman, Quezon City |
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| Subject |
Agrarian reform; Coase theorem; land markets
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| Description |
The prohibition of the sale or usufruct of land under the Comprehensive Agrarian Reform Law has, in effect, destroyed the legal rural land market and, in its wake, the legal rural credit market. These markets have gone underground resulting in very high transactions cost and threatened bankruptcy to farmers. Section 27 of CARL contravenes an efficiency result in economics called the Coase theorem. Reforms suggested are analyzed in light of this theorem. JEL classification: O12, P48, D23
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| Publisher |
Philippine Review of Economics
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| Contributor |
—
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| Date |
2010-09-03
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/18
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| Source |
Philippine Review of Economics; Vol 40, No 1 (2003); 109-200
1655-1516 |
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| Language |
eng
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| Relation |
http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/18/573
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| Rights |
Copyright (c) 2017 Philippine Review of Economics
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