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Author : Michael Stettler
Publisher :
ISBN 13 :
Total Pages : 215 pages
Book Rating : 4.:/5 (521 download)
Download or read book Institutions, Property Rights and External Effects written by Michael Stettler and published by . This book was released on 1999 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael Stettler
Publisher :
ISBN 13 :
Total Pages : 215 pages
Book Rating : 4.:/5 (11 download)
Download or read book Institutions, Property Rights and External Effects written by Michael Stettler and published by . This book was released on 1999 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kenneth Ayotte
Publisher : Edward Elgar Publishing
ISBN 13 : 184980897X
Total Pages : 417 pages
Book Rating : 4.8/5 (498 download)
Download or read book Research Handbook on the Economics of Property Law written by Kenneth Ayotte and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading scholars in the field of law and economics contribute their original theoretical and empirical research to this major Handbook. Each chapter analyzes the basic architecture and important features of the institutions of property law from an economic point of view, while also providing an introduction to the issues and literature. Property rights and property systems vary along a large number of dimensions, and economics has proven very conducive to analyzing these patterns and even the nature of property itself. The contributions found here lend fresh perspectives to the current body of literature, examining topics including: initial acquisition; the commons, anticommons, and semicommons; intellectual property; public rights; abandonment and destruction; standardization of property; property and firms; marital property; bankruptcy as property; titling systems; land surveying; covenants; nuisance; the political economy of property; and takings. The contributors employ a variety of methods and perspectives, demonstrating the fruitfulness of economic modeling, empirical methods, and institutional analysis for the study of both new and familiar problems in property. Legal scholars, economists, and other social scientists interested in property will find this Handbook an often-referenced addition to their libraries.
Author : Colin Harris
Publisher : Cambridge University Press
ISBN 13 : 9781108969055
Total Pages : 75 pages
Book Rating : 4.9/5 (69 download)
Download or read book The Origins and Consequences of Property Rights written by Colin Harris and published by Cambridge University Press. This book was released on 2020-12-31 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: Property rights are the rules governing ownership in society. This Element offers an analytical framework to understand the origins and consequences of property rights. It conceptualizes of the political economy of property rights as a concern with the follow questions: What explains the origins of economic and legal property rights? What are the consequences of different property rights institutions for wealth creation, conservation, and political order? Why do property institutions change? Why do legal reforms relating to property rights such as land redistribution and legal titling improve livelihoods in some contexts but not others? In analyzing property rights, the authors emphasize the complementarity of insights from a diversity of disciplinary perspectives, including Austrian economics, public choice, and institutional economics, including the Bloomington School of institutional analysis and political economy.
Author : Austin J. Jaffe
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book Property Rights and Economic Efficiency written by Austin J. Jaffe and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary focus of this paper is to provide a survey of the diverse research which examines the relationship between property rights and their impact on economic efficiency. The implications of this type of research are enormous for international real estate investors due to the wide range of institutional structures affecting land and buildings throughout the world. Generally, it is found that stronger property rights structures are related to higher levels of economic efficiency because private property rights institutions create incentives to become increasingly efficient in terms of resource usage.
Author : Eirik G. Furubotn
Publisher : University of Michigan Press
ISBN 13 : 047202714X
Total Pages : 673 pages
Book Rating : 4.4/5 (72 download)
Download or read book Institutions and Economic Theory written by Eirik G. Furubotn and published by University of Michigan Press. This book was released on 2010-10-22 with total page 673 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel developments in the field of economic sociology and its attacks on representatives of the NIE as well as an explanation of the institution-as-an-equilibrium-of-game approach. Already an international best seller, Institutions and Economic Theory is essential reading for economists and students attracted to the NIE approach. Scholars from such disciplines as political science, sociology, and law will find the work useful as the NIE continues to gain wide academic acceptance. A useful glossary for students is included. Eirik Furubotn is Honorary Professor of Economics, Co-Director of the Center for New Institutional Economics, University of Saarland, Germany and Research Fellow, Private Enterprise Research Center, Texas A&M University. Rudolph Richter is Professor Emeritus of Economics and Director of the Center for New Institutional Economics, University of Saarland, Germany.
Author : Marcel Velasquez
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (537 download)
Download or read book Property Rights, Contracting Institutions and the Distribution of Income written by Marcel Velasquez and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this thesis is to investigate the relationship between property rights, contracting institutions and the distribution of income across 39 former European colonies. In order to account for endogeneity between institutions and economic outcomes, an instrumental variables technique was used based on work by Acemoglu and Johnson (2005) who were interested in measuring the effect of similar institutions on economic growth. The principal finding in this thesis suggests that stronger property rights are statistically significantly associated with higher levels of inequality in the sample. In contrast, contracting institutions do not seem to have a statistically significant effect on income distribution.
Author : Jordan Luc Gans-Morse
Publisher :
ISBN 13 :
Total Pages : 364 pages
Book Rating : 4.:/5 (785 download)
Download or read book Building Property Rights written by Jordan Luc Gans-Morse and published by . This book was released on 2011 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of property rights to economic and political development is widely recognized. Yet it remains unclear why institutions for protecting property rights often fail to emerge. Many scholars focus on leaders' incentives and assume that if institutions are "supplied," then firms will automatically use them. By contrast, this study emphasizes that firms often circumvent or subvert newly created institutions. Consequently, theories of property rights formation should not focus exclusively on whether or not leaders create institutions. They must also explain the conditions under which firms actually use formal institutions for protection. This study analyzes firms' strategies for protecting property rights in Russia and identifies conditions under which firms rely on state institutions. Observers of Russia frequently focus narrowly on high-profile property rights disputes and mistakenly conclude that the lawlessness of the 1990s persists. However, my original survey of Russian enterprises and in-depth interviews with firms, lawyers, and private security agencies reveal a remarkable shift in firms' strategies over time: Whereas Russian firms in the 1990s used illegal coercion -- such as mafia rackets -- to protect property, today they increasingly utilize law and formal institutions. To examine this shift in firms' strategies, I develop an analytical framework based on evolutionary game theory. The framework draws attention to several key characteristics of institutional development: (1) The expected payoffs to firms' strategies for protecting property depend on the interplay of direct effects (i.e., exogenous factors that determine the benefits and costs of a given strategy) and interactive effects (i.e., the extent to which other firms in an economy use a given strategy). (2) Over time, more effective strategies become predominant, due to mechanisms such as natural selection or adaptive learning. (3) A tipping point exists, at which society begins to break from a vicious cycle to a virtuous cycle. Relatively small changes can therefore initiate self-reinforcing cycles with large effects. Based on this analytical framework, the study investigates the sources of change in firms' strategies. Over the past decade, an incentive transformation has occurred. Firms now recognize that law is a more effective tool for protecting property than alternatives, such as private security agencies or informal connections with government officials. Three types of factors have shifted the benefits and constraints of illegal versus legal strategies in favor of law: (1) organizational changes within firms, such as the evolution of firm ownership structures; (2) changes in other institutional spheres, including the development of the tax administration and banking sector; and (3) changes from outside the domestic political and economic system, including the inflow of foreign investment. Incentive structures also explain variation across firms' strategies for protecting property. The nature of threats and available resources shape the relative benefits and constraints of using illegal versus legal strategies. Analysis of these two factors predicts the types of firms most likely to use legal strategies: (1) medium-sized firms rather than small or large firms; (2) firms that produce physical products rather than services; (3) firms that operate in large-scale rather than exclusively local markets; and (4) firms that lack informal connections to government officials. This study's conclusion explores pathways to the rule of law in transition and developing countries, with specific reference to Russia. Whether the rule of law will take root in Russia depends on the outcome of two conflicting tendencies: (1) increasing demand for law by firms; and (2) decreasing supply of law by predatory state officials.
Author : Andreas A. Papandreou
Publisher :
ISBN 13 :
Total Pages : 332 pages
Book Rating : 4.3/5 (91 download)
Download or read book Externality and Institutions written by Andreas A. Papandreou and published by . This book was released on 1994 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this concise, distinctive survey of externality theory for economists, Papandreou looks at the various methodological approaches, tackles the difficult issue of defining or characterizing externalities, and investigates the effect that externality theory has had on major economic issues. His nontechnical account will be indispensable to economists, advanced students, and workers in other fields needing a clear exposition of this important concept.
Author : Eirik Grundtvig Furubotn
Publisher : University of Michigan Press
ISBN 13 : 9780472086801
Total Pages : 576 pages
Book Rating : 4.0/5 (868 download)
Download or read book Institutions and Economic Theory written by Eirik Grundtvig Furubotn and published by University of Michigan Press. This book was released on 2000 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive introduction to and critical assessment of the theory and applications of the New Institutional Economics.
Author : Jahangir Saleh
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (129 download)
Download or read book Property Rights Institutions and Investment written by Jahangir Saleh and published by . This book was released on 2016 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Saleh examines the channels through which alternative property rights institutions affect investment. These institutions are defined by a society's enforced laws, regulations, governance mechanisms, and norms concerning the use of resources. The author uses a transaction cost framework to analyze the incentive impact of various types of property rights, liability rules, and rules regarding contracts. He uses this framework to discuss the legal and cultural conditions necessary for the formation of productivity-enhancing organizations and the proper role of government in providing the infrastructure for private investment. The author also examines the role of cultural and religious norms in determining the economic effectiveness of legal systems, with a focus on Islamic countries. Finally, he evaluates empirical approaches used to discover the specific ways property rights structures affect investment and growth.This paper - a product of the Office of the Senior Vice President and Chief Economist, Development Economics - is part of a larger effort in the Bank to understand the institutional requirements for improving investment climate in developing countries.
Author : Andreas A. Papandreou
Publisher : Oxford University Press
ISBN 13 : 9780198293071
Total Pages : 322 pages
Book Rating : 4.2/5 (93 download)
Download or read book Externality and Institutions written by Andreas A. Papandreou and published by Oxford University Press. This book was released on 1998 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debate over the important concept of externality has influenced our perception of the role of governing authorities and has become central to our appraisal of the ecology-economy connection. Despite this, it remains hazy as a concept. This book examines ideas of externality and some of the ways that these have influenced and should continue to influence economics. The difficult issue of defining or characterising externalities is tackled and the effect that externality theory has had on major economic issues is investigated. The author provides a distinctive and non-technical survey of the various methodological approaches taken by economists to the issue of externalities. He fully explains and analyses the ideas lying behind the theory and looks at the failure of some markets to reconcile individual and social costs and benefits. The book's major theme is an exploration of institutional inefficiency and the implications of incorporating organizational costs into economic models.
Author : Stephen Haber
Publisher : Cambridge University Press
ISBN 13 : 9780521820677
Total Pages : 420 pages
Book Rating : 4.8/5 (26 download)
Download or read book The Politics of Property Rights written by Stephen Haber and published by Cambridge University Press. This book was released on 2003-05-26 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses a puzzle in political economy: why is it that political instability does not necessarily translate into economic stagnation or collapse? In order to address this puzzle, it advances a theory about property rights systems in many less developed countries. In this theory, governments do not have to enforce property rights as a public good. Instead, they may enforce property rights selectively (as a private good), and share the resulting rents with the group of asset holders who are integrated into the government. Focusing on Mexico, this book explains how the property rights system was constructed during the Porfirio DÃaz dictatorship (1876-1911) and then explores how this property rights system either survived, or was reconstructed. The result is an analytic economic history of Mexico under both stability and instability, and a generalizable framework about the interaction of political and economic institutions.
Author : Alexander Perez Carmona
Publisher : GRIN Verlag
ISBN 13 : 3638467007
Total Pages : 110 pages
Book Rating : 4.6/5 (384 download)
Download or read book Conflicts, Power and Environmental Institutions: The Case of Social Unrest on Palawan (Philippines) due Mining External Effects written by Alexander Perez Carmona and published by GRIN Verlag. This book was released on 2006-02-08 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2005 in the subject Politics - Environmental Policy, grade: 1, Humboldt-University of Berlin (Umwelt-und Ressourcenökonomie), language: English, abstract: In October 2003, the executive director of the Philippine non-governmental-organization (NGO) Palawan Conservation Corp, Mrs. Sheila Chan, held a Lecture at the Brandenburg University of Technology Cottbus. The presentation topic was on the events that currently endanger the biodiversity of Palawan. Palawan is an island located at the south-west side of the Philippines, which due its rich environmental resources was declared a biosphere reserve by the United Nations in 1991. As a result of this, tourism is a major source of income. Among the seven menaces pointed out by Mrs. Chan, one particularly attracted my attention: The increasing mining activities on the biosphere reserve, and a specific case of protests against a mining project. The Rio Tuba Nickel Mining Corporation, a firm that have been operating on the island since almost thirty years, became the centre of major controversy. After a contentious past regarding its poor performance with environmental resources, resulting from the presence of negative external effects, as well as legal concerns regarding property rights claims, the company was granted in July 2002 an Environmental Compliance Certificate to expand its mining activities. The legal battle among representatives of the firm and NGOs, which were actively advocating the interests of the native population, was added to the volatility of the southpalawenos that finally resulted in a rally, attracting around 1000 demonstrators of the municipality Bataraza. This social dissatisfaction is not only as a result of the expectations of the native population being let down in the past by the company, especially those of the southpalawenos and some well-informed urban residents, but is also directed towards the environmental bureaucracies, even to the level of the central government. Formal arrangements concerning the management of the assets involved have been apparently violated, thus generating the need for new institutional arrangements.
Author : Stephen Knack
Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (13 download)
Download or read book Unbundling Institutions for External Finance written by Stephen Knack and published by . This book was released on 2017 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The empirical literature on institutions and development has been challenged on grounds of reverse causality, measurement error in institutional indicators, and heterogeneity. This paper uses firm-level data across countries to confront these challenges. Instead of analyzing ultimate outcomes, such as income levels where institutional quality is likely endogenous, the focus is on firm-level external finance. Moreover, institutions are ?unbundled? to explore how various types of institutions affect external finance differently. The paper documents that micro firms have significantly less access to external finance than small and medium firms. General financial development and contracting institutions that facilitate transactions between private parties exert little effect, on average, on firms? access to external finance. In contrast, property rights institutions that constrain political and economic elites exhibit stronger positive association with access to external finance. The analysis finds evidence of attenuation bias associated with error in measuring institutions. For leveling the playing field between elite and non-elite firms (as proxied by firm size) in their access to external finance, property rights institutions also figure more prominently?with an important exception for the information environment, a component of contracting institutions. The results indicate that a specific channel through which development is affected more by property rights institutions rather than contracting institutions is external financing for firms.
Author : Sebastian Galiani
Publisher : Cambridge University Press
ISBN 13 : 1107041554
Total Pages : 339 pages
Book Rating : 4.1/5 (7 download)
Download or read book Institutions, Property Rights, and Economic Growth written by Sebastian Galiani and published by Cambridge University Press. This book was released on 2014-04-17 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume showcases the impact of the work of Douglass North, father of the field of new institutional economics.
Author : Eric Alston
Publisher : Cambridge University Press
ISBN 13 : 110708637X
Total Pages : 409 pages
Book Rating : 4.1/5 (7 download)
Download or read book Institutional and Organizational Analysis written by Eric Alston and published by Cambridge University Press. This book was released on 2018-08-23 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why isn't the whole world developed? This toolkit for institutional analysis explains how rules affect the performance of countries, firms, and even families.
