The economics of land title reform

The Economics of Bankruptcy Reform

We propose a new bankruptcy procedure. Initially, a firm's debts are cancelled, and cash and non-cash bids are solicited for the "new" (all-equity) firm. Former claimants are given shares, or options to buy shares, in the new firm on the basis of absolute priority. Options are exercised once the bids are in. Finally, a shareholder vote is taken to select one of the bids. In essence, our procedu...

Land Reform:

Land reform, after a long period of being considered irrelevant or passé, has now emerged into the media and political limelight. To some extent, this is due to the well-publicised land invasions in Zimbabwe. However, the Brazilian MST's mobilizations in the 1990s have attracted attention and land invasions have also occurred in South Africa in the recent period (Merten and wa ka Ngobeni, 2001;...

Role of Land Reform

This paper uses data from a household survey to estimate changes in land distribution in rural West Bengal between 1967-2004 and decompose these into contributions of different factors. There was a substantial drop in land per household and land per capita, while within-village inequality rose. The latter was associated mainly with rising landlessness induced by high rates of household division...

Accessing the Impact of Land Reform on Agricultural Production, the Case of Bone

We investigate the impact of land reform on the destruction of "Bone" and agricultural production in the arid regions in Iran. We employ the agricultural census collected in 1960 (1339) and 1971 (1350)-1974 (1353). Our empirical methodology is difference-in-difference. Results indicate that in regions with bone, the agricultural production has dropped due to the land reform of 1962 (1341)-1966 ...

The Simple Economics of Health Reform