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The modern theory of agrarian organization has studied how the economic environment determines organizational form under the assumption of stable property rights to land. The political economy literature has modelled the endogenous determination of property rights. In this paper we analyze a...
Persistent link: https://www.econbiz.de/10004987327
I propose a simple general equilibrium formalization of Domar's famous hypothesis on the causes of slavery or serfdom that emphasizes the interactions between factor endowments, the nature of the production technologies, and the initial distribution of property rights over land. The model...
Persistent link: https://www.econbiz.de/10004987350
This paper proposes a simple general equilibrium theory of agrarian production organization to explain the emergence and persistence of latifundia - minifundia type patterns of agrarian production organization such as have prevailed historically in many parts of Latin America. When land...
Persistent link: https://www.econbiz.de/10004987363