"What was the economic and entrepreneurial rationale of Peruvian landowners at the beginning of the century? By examining the structure and the size of their haciendas, the authors explain the relative importance of those assets as well as the entrepreneurial rationale of their owners. They...

Differences in farm structures between Russia and western market economies can hardly be made consistent with the neoclassical textbook idea of a technologically determined farm size operating in a perfect market environment. The main aim of the paper is to identify embedded institutions that...