An Endogenous Theory Of Property Rights

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An Endogenous Theory of Property Rights

Author : Peter Ho
Publisher : Routledge
ISBN 13 : 1351623486
Total Pages : 324 pages
Book Rating : 4.3/5 (516 download)

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Book Synopsis An Endogenous Theory of Property Rights by : Peter Ho

Download or read book An Endogenous Theory of Property Rights written by Peter Ho and published by Routledge. This book was released on 2018-10-15 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: From a neo-liberal, neo-classical paradigm, secure, formal and private property rights are crucial to fostering sustained development. Institutions that fail to respond to shifting socio-economic opportunities are thus forced to make new arrangements. The enigma is posed by developments on the ground. Why would the removal of authoritarian institutions during the Arab Spring or Iraq War not increase market efficiency but rather cause the reverse, while China and India, despite persisting insecure, informal and common institutions, featured sustained growth? This collection posits that understanding these paradoxes requires a refocusing from form to function, detached from normative assumptions about institutional appearance. In so doing, three things are accomplished. First, starting from case studies on land, it is ascertained that the argument can be meaningfully extended to labour, capital and beyond. Second, the argument validates the ‘Credibility Thesis’ – that is, once institutions persist, they fulfil a function. Third, the collection studies ‘development, broadly construed’, by including the modes of production and beyond, the rural and urban, the developed and developing. This is why it reviews property rights from China and India, to Turkey, Mexico and Malaysia, covering issues such as customary rights and privatization, mining and pastoralism, dam-building and irrigation, but also state-owned banks, trade unions and notaries. This book was originally published as a special issue of The Journal of Peasant Studies.

Economic Growth and Decline with Endogenous Property Rights

Author : Aaron Tornell
Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Economic Growth and Decline with Endogenous Property Rights by : Aaron Tornell

Download or read book Economic Growth and Decline with Endogenous Property Rights written by Aaron Tornell and published by . This book was released on 2002 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper introduces endogenous property rights into a neoclassical growth model. 1t identifies a mechanism that generates growth rates which are increasing at low levels of capital. and decreasing at high levels of capital. The driving force behind changes in property rights is the attempt of each rent-seeking group to secure exclusive access to a greater share of capital by excluding others. We characterize an equilibrium in which there is a shift from common to private property, followed by a switch back to common property.

Endogenous Property Rights

Author : Daniel Diermeier
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (866 download)

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Book Synopsis Endogenous Property Rights by : Daniel Diermeier

Download or read book Endogenous Property Rights written by Daniel Diermeier and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: It is often argued that additional checks and balances provide economic agents with better protection from expropriation of their wealth or productive capital. We demonstrate that in a dynamic political economy model this intuition may be flawed. Surprisingly, increasing the number of veto players or the majority requirement for redistribution may reduce property right protection on the equilibrium path. The reason is the existence of two distinct mechanisms of property rights protection. One are formal constraints that allow individuals or groups to block any redistribution which is not in their favor. The other occurs in equilibrium where agents without such powers protect each other from redistribution. Players without formal blocking power anticipate that the expropriation of other similar players will ultimately hurt them and thus combine their influence to prevent redistributions. Yet, such incentives can be undermined by adding formal constraints. The flip-side of this effect is that individual investment efforts might require coordination. The model also predicts that the distribution of wealth in societies with weaker formal institutions (smaller supermajority requirements) among players without veto power will tend to be more homogenous.

The Economics of Property Rights

Author : Eirik Grundtvig Furubotn
Publisher : Cambridge, Mass. : Ballinger Publishing Company
ISBN 13 :
Total Pages : 396 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis The Economics of Property Rights by : Eirik Grundtvig Furubotn

Download or read book The Economics of Property Rights written by Eirik Grundtvig Furubotn and published by Cambridge, Mass. : Ballinger Publishing Company. This book was released on 1974 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Property-rights Theory of the Firm with Endogenous Timing of Asset Purchase

Author : David De Meza
Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (222 download)

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Book Synopsis The Property-rights Theory of the Firm with Endogenous Timing of Asset Purchase by : David De Meza

Download or read book The Property-rights Theory of the Firm with Endogenous Timing of Asset Purchase written by David De Meza and published by . This book was released on 1998 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Endogenous Changes in Property Rights Regime

Author : Daniel Leonard
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Endogenous Changes in Property Rights Regime by : Daniel Leonard

Download or read book Endogenous Changes in Property Rights Regime written by Daniel Leonard and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this article is to present a model of the endogenous evolution of a society's property rights regime. We use an overlapping-generations framework in which capital accumulation takes place. Property rights enforcement is costly. Individuals decide collectively in each period the appropriate level of enforcement and pay taxes to finance it. Poor households have less interest in the enforcement of property rights than rich households. We also consider heterogenous households with different tastes. They differ on their choice of law enforcement. As their wealth and numbers evolve, political power may change sides, hence the property rights regime also evolves.

Economic Foundations of Strategy

Author : Joseph T. Mahoney
Publisher : SAGE
ISBN 13 : 1412905435
Total Pages : 273 pages
Book Rating : 4.4/5 (129 download)

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Book Synopsis Economic Foundations of Strategy by : Joseph T. Mahoney

Download or read book Economic Foundations of Strategy written by Joseph T. Mahoney and published by SAGE. This book was released on 2005 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The theoretical foundations of management strategy are identified and outlined in this text. Five theories are considered in the light of questions about how organisations operate efficiently, cost minimization, wealth creation, individual self-interest, and continued growth.

Handbook of Development Economics

Author : Dani Rodrick
Publisher : Elsevier
ISBN 13 : 0080931723
Total Pages : 1066 pages
Book Rating : 4.0/5 (89 download)

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Book Synopsis Handbook of Development Economics by : Dani Rodrick

Download or read book Handbook of Development Economics written by Dani Rodrick and published by Elsevier. This book was released on 2009-11-09 with total page 1066 pages. Available in PDF, EPUB and Kindle. Book excerpt: What guidance does academic research really provide to economic policy development? The critical and analytical surveys in this volume investigate links between policies and outcomes by surveying work from broad macroeconomic policies to interventions in microfinance. Asserting that there are no universal correspondences between policies and outcomes, contributors demonstrate instead that only an intense familiarity with the development context and the universe of applicable economic models can generate successful policies. Getting cause-and-effect right is essential for policy design and implementation. With the goal of drawing researchers and policy makers closer, this volume highlights our increasing understanding of ways to combine economic theorizing with careful, thoughtful empirical work. - Presents an accurate, self-contained survey of the current state of the field - Summarizes the most recent discussions, and elucidates new developments - Although original material is also included, the main aim is the provision of comprehensive and accessible surveys

Economic Analysis of Property Rights

Author : Yoram Barzel
Publisher : Cambridge University Press
ISBN 13 : 1009374753
Total Pages : 301 pages
Book Rating : 4.0/5 (93 download)

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Book Synopsis Economic Analysis of Property Rights by : Yoram Barzel

Download or read book Economic Analysis of Property Rights written by Yoram Barzel and published by Cambridge University Press. This book was released on 2023-08-31 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: The standard neoclassical model of economics is incapable of explaining why one form of organization arises over another. It is a model where transaction costs are implicitly assumed to not exist; however, transaction costs are here defined as the costs of strengthening a given distribution of economic property rights, and they always exist. Economic Analysis of Property Rights is a study of how individuals organise resources to maximise the value of their economic rights over these resources. It offers a unified theoretical structure to deal with exchange, rights formation, and organisation that traditional economic theory often ignores. It explains how transaction costs can be reduced through reorganization and, in the end, how the distribution of property rights that exists is the one that maximizes wealth net of these transaction costs. This necessary hypothesis explains much of the puzzling organizations and institutions that exist now and have existed in the past.

Property Rights

Author : Terry L. Anderson
Publisher : Princeton University Press
ISBN 13 : 9780691099989
Total Pages : 412 pages
Book Rating : 4.0/5 (999 download)

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Book Synopsis Property Rights by : Terry L. Anderson

Download or read book Property Rights written by Terry L. Anderson and published by Princeton University Press. This book was released on 2003 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the end, the book provides a fresh, comprehensive overview of an intriguing subject, accessible to anyone with a minimal background in economics. (An introductory chapter introduces the handful of assumptions embedded in the text's economics and law).

Property Rights and Their Impact on the Wealth of Nations

Author : Bernhard Heitger
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Property Rights and Their Impact on the Wealth of Nations by : Bernhard Heitger

Download or read book Property Rights and Their Impact on the Wealth of Nations written by Bernhard Heitger and published by . This book was released on 2003 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Endogenous Property Rights in a Hold-Up Experiment

Author : Mathias Erlei
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Endogenous Property Rights in a Hold-Up Experiment by : Mathias Erlei

Download or read book Endogenous Property Rights in a Hold-Up Experiment written by Mathias Erlei and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a hold-up experiment designed to test theoretical predictions following from Hart and deMeza and Lockwood regarding investment behavior, Sonnemans, Oosterbeek and Sloof (SOS) find only a partial confirmation of theory. According to SOS these deviations from standard theory can be explained by positive reciprocal behavior. In this paper, we replicate the experiment by SOS and add another group of treatments in which asset ownership is endogenized by auctioning off the assets. Our experiment shows that the results by SOS crucially depend on the ownership structure being exogenously assigned by the experimenter. We present experimental evidence that, by and large, corroborates the theoretical predictions made by Hart.

When Will Capitalists Meet Their Match?

Author : David De Meza
Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (753 download)

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Book Synopsis When Will Capitalists Meet Their Match? by : David De Meza

Download or read book When Will Capitalists Meet Their Match? written by David De Meza and published by . This book was released on 1998 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Contracting for Property Rights

Author : Gary D. Libecap
Publisher : Cambridge University Press
ISBN 13 : 9780521449045
Total Pages : 148 pages
Book Rating : 4.4/5 (49 download)

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Book Synopsis Contracting for Property Rights by : Gary D. Libecap

Download or read book Contracting for Property Rights written by Gary D. Libecap and published by Cambridge University Press. This book was released on 1993 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: The histories of rights to minerals, range, timber land, fishery and crude oil production in the U.S. are examined to reveal the problems encountered in negotiations among claimants and the political and economic considerations that influence property rights arrangements.

The Microeconomics of Wellbeing and Sustainability

Author : Leonardo Becchetti
Publisher : Academic Press
ISBN 13 : 0128160276
Total Pages : 480 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis The Microeconomics of Wellbeing and Sustainability by : Leonardo Becchetti

Download or read book The Microeconomics of Wellbeing and Sustainability written by Leonardo Becchetti and published by Academic Press. This book was released on 2019-10 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Microeconomics of Wellbeing and Sustainability: Recasting the Economic Process explores the civil economy tradition in economic thought. Gaining increasing consensus worldwide, this alternative-not heterodox-view of the economic process and agents explains how modern economics is placing increasing emphasis on the determinants of subjective wellbeing and environmental sustainability. With support from behavioral economics, this book makes a foundational contribution that will help users better understand and prepare for future economic challenges. Marries criticism of the neo-classical model with empirical work on the possibilities of alternative frameworks for action Links new ideas (homo reciprocans, happiness, relational goods) to established microeconomic concepts (the market, perfect and imperfect competition, utility maximization) Devotes specific attention to relevant elements in economic history, explaining how we evolved to the current paradigm and to its challenge

Endogenous Property Rights Regimes, Common Property Resources, and Trade Policies

Author : Gregmar Ignacio Galinato
Publisher :
ISBN 13 :
Total Pages : 207 pages
Book Rating : 4.:/5 (166 download)

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Book Synopsis Endogenous Property Rights Regimes, Common Property Resources, and Trade Policies by : Gregmar Ignacio Galinato

Download or read book Endogenous Property Rights Regimes, Common Property Resources, and Trade Policies written by Gregmar Ignacio Galinato and published by . This book was released on 2006 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Analysis of Property Rights

Author : Yoram Barzel
Publisher : Cambridge University Press
ISBN 13 : 9780521597135
Total Pages : 180 pages
Book Rating : 4.5/5 (971 download)

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Book Synopsis Economic Analysis of Property Rights by : Yoram Barzel

Download or read book Economic Analysis of Property Rights written by Yoram Barzel and published by Cambridge University Press. This book was released on 1997-04-13 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a study of the way individuals organise the use of resources in order to maximise the value of their economic rights over these resources.