This paper is concerned with equity issues arising in the process of evolution of land tenure systems towards increasing individualisation. The focus is put on the transformation of non-market modes of land allocation, including inheritance rules and practices.

Political involvement in the operation of an enterprises, whether it is private or state owned, creates opportunities for interest groups to influence the allocation of resources. I analyze how the influence externality arising form the interest groups´lobby activities disables the Coase...

Both common sense and historical examples suggest that resource scarcity causes appro- priative con ict as people struggle with each other to avoid hunger and starvation. But, economic intuition, also supported by historical examples, suggests that resource abundance, by giving people more to...

We study efficiency properties of allocations and equilibria in dynamic stochastic economies with finitely lived agents. Efficiency is assessed to the concept of interim optimality which considers the agents' welfare at their birth date in every possible circumstance which may occur at that...