We make use of data from the 2005 Albania Living Standard Measurement Survey to investigate the factors affecting household agriculture efficiency and land market development. To assess the functioning of land rental markets and explore efficiency- and equity impacts of land rental, we use a...

The paper illustrates a theoretical model of real option value applied to the problem of land development. Making use of the 1998-2001 Kyrgyz Household Budget Survey, we show that when the hypothesis of decreasing return to scale holds, the relation between the threshold value of revenue per...

This article applies a real options model to the problem of land development. Making use of the 1998-2001 Kyrgyz Household Budget Survey, we show that when the hypothesis of decreasing return to scale holds, the relation between the threshold value of revenue per hectare and the amount of land...

With an empirical analysis on a panel of individuals living in a transition country (Albania) we document that the impact of money on happiness does not depend only on the pecuniary outcome but also from aspirations and conditions leading to its determination. Additional factors which matter are...

The paper reviews the literature on the characteristics and impact of opinion leaders on the diffusion of new knowledge, concluding that there is no clear evidence on whether opinion leaders are more effective if they are similar in socioeconomic attributes to the other farmers rather than...

The paper illustrates a theoretical model of real option value applied to the problem of land development. Making use of the 1998-2001 Kyrgyz Household Budget Survey, we show that when the hypothesis of decreasing return to scale holds, the relation between the threshold value of revenue per...

This paper revisits the role of land measurement error in the inverse farm size and productivity relationship (IR). By making use of data from a nationally representative household survey from Uganda, in which self-reported land size information is complemented by plot measurements collected...

Albania’s radical farmland distribution is credited with averting an economic crisis and social unrest during the transition. But many believe it led to a holding structure too fragmented to be efficient, and that public efforts to consolidate plots are needed to lay the foundation for greater...

Although good and timely information on agricultural production is critical for policy-decisions, the quality of underlying data is often low and improving data quality could have high payoff. We use data from a production diary, administered concurrently with a standard household survey in...