Is Land Titling in Sub-Saharan Africa Cost-Effective?
Is Land Titling in Sub-Saharan Africa Cost-Effective? A cost benefit analysis suggests that the current system of formal titling should not be extended in rural Madagascar and that any new system of land registration would have to be quite inexpensive to be worthwhile. Indeed, establishing a modern property rights system without legally recognizing informal rights may expand the scope for rent-seeking, thus creating additional insecurity (Atwood 1990).