RT Journal Article SR Electronic T1 Non-Convex Transaction Costs and Land Rental Market Participation in Malawi JF Land Economics JO Land Econ FD University of Wisconsin Press SP 062620-0092R DO 10.3368/le.98.1.062620-0092R A1 Tione, Sarah E. A1 Holden, Stein T. YR 2021 UL http://le.uwpress.org/content/early/2021/10/13/le.98.1.062620-0092R.abstract AB We assess how non-convex transaction costs constrain access to and participation in the land rental market by smallholder farmers within Sub-Saharan Africa. The theory suggests a dynamic externality due to such transaction costs and that orchestrated participation can reduce such costs and enhance future participation. We use dynamic random effects probit and Tobit models with balanced panel data from Malawi to assess participation on the tenant side of the market. We observe that initial and earlier land rental market participation significantly increases participation in the subsequent years, consistent with dynamic non-convex transaction costs and possible entry barriers in the market.