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Ok, this doesn’t seem to be the overall picture in the economic literature but thanks for sharing your experience. Given that, I can see why you hold those views.
I don’t know about literature, but both the lawyers and notaries involved, warned everyone of the risks. I was also an idealist and skeptical of their advice at the time… then spent several years trying, to no avail, to make people understand what was at stake… until the warnings became reality… and again, and again, and again.
If it’s not in the literature, then it should be.