This paper's theoretical exploration of time, the market and the agrarian puts forward a single period production model that highlights the forces that shape production and land use decisions, specifically the interactions between informationally-constrained labor and capital markets. The paper presents analysis savings and asset accumulation in an in egalitarian agrarian economy. However, convergence to a more egalitarian economy is both slow and...
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INFORMATION
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2000/04/01
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Document de travail
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28196
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1
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1
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2010/07/01
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Can time and markets eliminate costly land ownership inequality?
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market rate of interest
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