This paper studies how land reform and population growth affect land inequality and landlessness, focusing particularly on indirect effects owing to their influence on household divisions and land market transactions. Theoretical predictions of a model of household division and land transactions...

In this paper we focus on a few broad analytical themes that have not been paid enough attention in the theoretical institutional economics literature: in particular, (a) the process of persistence of dysfunctional institutions in poor countries, (b) institutional impediments as strategic...

Though widespread, the practice of public subsidies for cultural activity lacks a rigorous and consistent economic rationale. We analyze a canonical market structure that characterizes much cultural activity: the competition of mass-produced goods with heterogeneous non- standardized goods that...

Purpose – This paper aims to explore the difference in the extent and nature of corruption in China and India. Design/methodology/approach – The paper takes a comparative political-economy approach. Findings – The paper shows the complexities in the different style and substance of...

In a model where cooperation is beneficial, but subject to cheating, and is supported by trigger strategy punishments in a repeated game, we explore the relationship between the nature of cooperation (size and composition of coalitions) and underlying inequality in the distribution of private...