Abstract

DA-ROCHA, José-María; PUJOLAS, Pau S.  and  SEMPERE, Jaume. Eficiencia y equilibrio en un modelo de formación de derechos de propiedad. El trimestre econ [online]. 2014, vol.81, n.323, pp.579-593. ISSN 2448-718X.

We characterize the stationary competitive equilibrium in a model in which private decisions have to be made to define effective property rights on land. We show that there is an interior competitive equilibrium in which there will be some agents producing in free access lands and others in private property land. This equilibrium is inefficient because too few plots of land are enclosed.

Keywords : derechos de propiedad; productividad; eficiencia.

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