This article argues that a strong or rather mechanical equal treatment rule in share repurchases, distributions in kind, or capital reductions is not efficient. An economic analysis of the law shows that disparate treatment of shareholders may increase shareholders' overall welfare. Disparate...

The paper examines Senegal's growth performance from the perspective of its povertyreducingand distributional characteristics, and discusses policies that might help makegrowth more inclusive. The main findings are that poverty has fallen in the last two decades,but poverty reduction has slowed...

This paper presents a review of the literature on the economics of shared societies. As defined by the Club de Madrid, shared societies are societies in which people hold an equal capacity to participate in and benefit from economic, political, and social opportunities regardless of race,...