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redistribution is feasible, and how it is organized. We find that redistribution benefits all status groups as property disputes …We report experimental evidence showing a positive effect of redistribution on economic efficiency via the self …-enforcement of property rights, and identify which status groups benefit more and which less. We model an economy in which wealth is …
Persistent link: https://www.econbiz.de/10014504242
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This Article examines property law’s effect on economic inequality, particularly centered on Thomas Piketty’s findings … property law works to increase the rate of return on capital above economic growth. First, this Article begins by examining how … different aspects of property law work to increase the rate of return on capital. Second, this Article presents a way forward in …
Persistent link: https://www.econbiz.de/10013296986
player. As a result, competition and market penetration - especially by way of international investment - has been curtailed …
Persistent link: https://www.econbiz.de/10010393505
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This paper surveys models of voting on redistribution. Under reasonable assumptions, the baseline model produces an …, redistribution is from rich to poor, and increasing inequality increases redistribution. However, under different assumptions about … the economic environment, redistribution may not be simply rich to poor, and inequality need not increase redistribution …
Persistent link: https://www.econbiz.de/10014053203
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We aim at characterizing which kind of functions could be explained (rationalized) as the best reply of payoff-maximizing agents in contests for a fixed prize. We show that the rationalizability strongly differs between Decisive Contests, where the prize is allocated with certainty, and Possibly...
Persistent link: https://www.econbiz.de/10012854873
timing competence (when to own). We describe how property rights of use, appropriation, and transfer relate to the three …
Persistent link: https://www.econbiz.de/10012828150