The Comprehensive Agrarian Reform Program and Coase theorem

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...

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Bibliographic Details
Published in:The Philippine Review of Economics Vol. XL, No. 1 (June 2003), p. [109]-114.
Main Author: Fabella, Raul V. (Author)
Resource Type: Analytics
Language:English
Published: 2003.
Subjects:
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