Abstract

GONZALEZ PULGARIN, Jhon Jair  and  HENAO GUZMAN, Juan Pablo. A new form of concentration of land in Colombia: Law 1448 of 2011. ecos.econ. [online]. 2012, vol.16, n.34, pp.75-109. ISSN 1657-4206.

This article aims to show how the Law 1448 of 2011, which explains reparation and restitution of victims, and the National Development Plan (NDP) 2011-2014 generate land concentration in Colombia.  This is due to how the NDP objectives disintegrate the Law 1448 objectives; this phenomenon could be explained using an agency model and the subsequent moral risk issue formed between the State and the victims. Regarding these results, a game-theory model was built, and this effectively concludes that the Law 1448 and the NDP generate land concentration in Colombia.

Keywords : Land Concentration; Moral Risk; Game Theory; Land Tenancy Scheme; Public Benefit.

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