In most of the land tenancy literature the type of contract is exogenous. Also even though these contracts vary a lot among farms, between regions and over time, the theoretical literature has not always acknowledged this idiosyncrasy. Building on the strategic bargaining theory initiated by...

In countries where private forest ownership is very important, knowledge of the behaviour of private forest owners is useful for the design and implementation of successful forest policies. This applies to Portugal where 86 % of the forest lands are private property. This paper presents a study...

This paper may be considered an essay on metaeconomics, since it deals with the meaning of several concepts often left undefined, or very briefly defined in economic theories. These concepts are the following: value including the values of things and moral values, social norms or institutions,...

The household membership decision is viewed as a “research project” where the offspring invests in human and non human capital to influence the probability of finding an alternative to the parental household. The problem is formulated as a differential game between a selfish offspring and...

We establish that under mild conditions, testing for the individual significance of an impulse indicator in the conditional model, selected on the basis of prior testing of its significance in the impulse saturated marginal model does not require bootstrapping critical values. Extensive Monte...

This paper has three different motivations. Firstly, we wish to contribute to the debate on whether French inflation has been persistent since the mid-eighties. Empirical evidence in this domain has been mixed. We use the standard method of testing for breaks in the mean of the inflation series...