Libecap, Gary D.; Lueck, Dean - In: Journal of Political Economy 119 (2011) 3, pp. 426-426
We use a natural experiment in nineteenth-century Ohio to analyze the economic effects of two dominant land demarcation regimes, metes and bounds (MB) and the rectangular system (RS). MB is decentralized with plot shapes, alignment, and sizes defined individually; RS is a centralized grid of...