The closing of firms causes social and human hardship and consequently has been subject to regulation, especially in Western Europe. Laws regulating closing are especially relevant in ailing industries. Closing restrictions establish procedures for market exit, reduce the demand for labor prior...

We propose a model of food allocation in an economy in which property rights exist in human beings. We assume that a slave-owner allocates food over the slave's lifetime so as to maximise his own wealth. The slave's productive capacity is determined endogenously by food consumption. Food...