Risk†Coping, Land Tenure And Land Markets: An Overview Of The Literature

Over the last decades, a significant amount of literature has been published on informal risk†coping in developing countries. In this paper, we review how informal risk†coping has been addressed in the land tenure literature from two main perspectives: a first stream of research looks at how customary tenure and communal property perform key informal risk†coping functions. A second subset of this literature analyses how informal risk†coping creates land market imperfections through sharecropping or distress sales. The segmentation of the literature results from the Demsetzian property rights framework. Further research on risk†coping and land tenure would benefit from examining recent work on property regimes.