• norsk
    • English
  • English 
    • norsk
    • English
  • Login
View Item 
  •   Home
  • Chr. Michelsens Institutt
  • Publications
  • View Item
  •   Home
  • Chr. Michelsens Institutt
  • Publications
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Usufructuary Mortgages as a Source of Funds in Need: Some Theory and an Empirical Investigation

Hatlebakk, Magnus; Bell, Clive
Working paper
Thumbnail
View/Open
Usufructuary Mortgages as a Source of Funds in Need: Some Theory and an Empirical Investigation (625.4Kb)
URI
http://hdl.handle.net/11250/2475397
Date
2017-06-01
Metadata
Show full item record
Collections
  • Publications [1436]
Original version
Bergen: Chr. Michelsen Institute (CMI Working Paper WP 2017:6) 45 p.  
Abstract
This paper develops a theoretical framework in which the borrower, who mortgages out, and the lender, who mortgages in, a parcel of land reach their decisions when credit and land markets function imperfectly. The results cover what conditions and factors govern the decision to contract in the first place, and when and whether to repay or agree to a sale. The empirical investigation deals with such contracting in Orissa, based on a panel household survey over the period 2000–2013. Almost 20 percent had contracts in 2013, the borrowers’ chief need being to marry off a daughter, followed by coping with serious illness and bad harvests. The sums were quite large, indicating that these contracts offered the parties opportunities beyond those available through other forms of credit transactions. Mortgaging also appeared to promote the transfer of ownership rights from relatively land-rich to land-poor households.
Publisher
Chr. Michelsen Institute
Series
CMI Working Paper WP 2017:6

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit
 

 

Browse

ArchiveCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsDocument TypesJournalsThis CollectionBy Issue DateAuthorsTitlesSubjectsDocument TypesJournals

My Account

Login

Statistics

View Usage Statistics

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit