IDEAS home Printed from https://ideas.repec.org/a/taf/jenpmg/v64y2021i5p930-953.html
   My bibliography  Save this article

The influence of land titling on the disparity between willingness to accept and willingness to pay values

Author

Listed:
  • Wenjue Zhu
  • Krishna P. Paudel
  • Biliang Luo

Abstract

Land titling, which aims to promote the transfer of farmland in China by providing property rights to landowners, may not be working as intended due to the presence of an endowment effect. The implications of the endowment effect are that it creates a substantial disparity between the willingness to accept (WTA) and willingness to pay (WTP) values for agricultural land parcels. An inflated WTA/WTP value hinders farmland transfer to those who have the comparative advantage in farmland management. We develop a conceptual model to understand the factors influencing the disparity between landowners’ WTA/WTP values. The empirical model uses an IV-Tobit model on a dataset collected from a nationwide interview survey of Chinese peasant households in 2015–2016. Results show that land titling further increases the disparity between WTA and WTP after the endogeneity issue is resolved. The expectation of the Chinese government that land titling could promote land transfer may not be accurate if the psychological effect of landholding exerts dominance in the land market.

Suggested Citation

  • Wenjue Zhu & Krishna P. Paudel & Biliang Luo, 2021. "The influence of land titling on the disparity between willingness to accept and willingness to pay values," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 64(5), pages 930-953, April.
    • Handle: RePEc:taf:jenpmg:v:64:y:2021:i:5:p:930-953
    DOI: 10.1080/09640568.2020.1796287
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09640568.2020.1796287
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09640568.2020.1796287?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zou, Baoling & Mishra, Ashok K., 2022. "Engaging Information Technology in Farmland Rental Market: An Empirical Study from Rural China," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322265, Agricultural and Applied Economics Association.
    2. Yang, Wei & Vatsa, Puneet & Ma, Wanglin & Zheng, Hongyun, 2023. "Does mobile payment adoption really increase online shopping expenditure in China: A gender-differential analysis," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 99-110.
    3. Lingying Lu & Guoliang Xu & Zhiyuan Li & Chunyan Wan, 2022. "Understanding the Farmland Rights Confirmation Policy from the Perspective of Farmers: Evidence from Jiangxi, China," IJERPH, MDPI, vol. 19(18), pages 1-13, September.
    4. Liu, Kai & Zhu, Wenjue & Luo, Mingzhong, 2022. "Land integration and titling policy in China: Institutional barriers and countermeasures," Land Use Policy, Elsevier, vol. 112(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jenpmg:v:64:y:2021:i:5:p:930-953. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CJEP20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.