It is widely believed that land markets, including both land sales and tenancy markets, are neither efficient nor conducive to social equity. It is often argued that tenants, particularly share tenants, do not have proper incentives to work and invest, partly because of the disincentive effects...

This paper analyses the land tenure reform that took place in Mexico in 1992 and its PROCEDE programme (Ejido Rights Certification Programme). It considers the counter-agrarian reform's objectives, the context in which it was proposed, and the different actors involved. It delves into the main...