Insecurity of Property Rights and Matching in the Tenancy Market

Abstract

This paper analyzes the functioning of land rental markets in the Dominican Republic using a new data set collected specifically to characterize the entire market. We analyze the choice of the landlords and the tenants in the search for the optimal partner. We show how insecure property rights leads to segmentation in the tenancy markets along socio-economic group and hence severely limits access to land for the rural poor.insecurity of property rights, land markets, matching, Risk and Uncertainty,