The paper studies the market failures associated with land tenure insecurity and information asymmetry in an urban land use model, and analyzes households' responses to mitigate tenure insecurity. When buyers and sellers of land plots can pair along trusted kinship lines whereby deception (the...

We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...