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An Integrated Assessment of Water Markets: Australia, Chile, China, South Africa and the USA
Libecap, Gary D.; Grafton, R. Quentin; Landry, Clay; … - National Bureau of Economic Research (NBER) - 2010
The paper provides an integrated framework to assess water markets in terms of their institutional underpinnings and the three 'pillars' of integrated water resource management: economic efficiency, equity and environmental sustainability. This framework can be used: (1) to benchmark different...
Persistent link: https://www.econbiz.de/10008540041
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Electoral Fraud, the Rise of Peron and Demise of Checks and Balances in Argentina
Alston, Lee J.; Gallo, Andres - National Bureau of Economic Research (NBER) - 2009
The future looked bright for Argentina in the early twentieth century. It had already achieved high levels of income per capita and was moving away from authoritarian government towards a more open democracy. Unfortunately, Argentina never finished the transition. The turning point occurred in...
Persistent link: https://www.econbiz.de/10005033487
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Eminent Domain Versus Government Purchase of Land Given Imperpect Information About Owners' Valuation
Shavell, Steven - National Bureau of Economic Research (NBER) - 2007
Governments employ two basic policies for acquiring land: taking it through exercise of their power of eminent domain; and purchasing it. The social desirability of these two policies is compared in a model in which the government's information about landowners' valuations is imperfect. Under...
Persistent link: https://www.econbiz.de/10005248712
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The Efficacy of Parochial Politics: Caste, Commitment, and Competence in Indian Local Governments
Rosenzweig, Mark; Munshi, Kaivan - National Bureau of Economic Research (NBER) - 2008
Parochial politics is typically associated with poor leadership and low levels of public good provision. This paper explores the possibility that community involvement in politics need not necessarily worsen governance and, indeed, can be efficiency-enhancing when the context is appropriate....
Persistent link: https://www.econbiz.de/10005777968
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Efficiency Advantages of Grandfathering in Rights-Based Fisheries Management
Libecap, Gary D.; Anderson, Terry L.; Arnason, Ragnar - National Bureau of Economic Research (NBER) - 2010
, investment, and collective actions of fishers, who discover and enhance stocks and convert them into valuable goods and services …. Our analysis shows how grandfathering increases rents by raising expected rates of return for investment, lowering the …
Persistent link: https://www.econbiz.de/10008695045
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Rewards versus Intellectual Property Rights
Shavell, Steven; Ypersele, Tanguy van - National Bureau of Economic Research (NBER) - 1999
This paper compares reward systems to intellectual property rights (patents and copyrights). Under a reward system, innovators are paid for innovations directly by government (possibly on the basis of sales), and innovations pass immediately into the public domain. Thus, reward systems engender...
Persistent link: https://www.econbiz.de/10005720847
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The Determinants and Impact of Property Rights: Land Titles on the Brazilian Frontier
Alston, Lee J.; Libecap, Gary D.; Schneider, Robert - National Bureau of Economic Research (NBER) - 1996
effects on agricultural investment on Brazilian frontiers. We use survey data from 1992 and 1993 from the state of Par  with … data on the characteristics of the settlers, land tenure, land agencies involved, land values, and investment. We then turn …. The empirical findings support the predictions of the theory regarding the effects of title and investment on land value …
Persistent link: https://www.econbiz.de/10005575833
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Consent and Exchange
Bebchuk, Lucian; Bar-Gill, Oren - National Bureau of Economic Research (NBER) - 2007
In some cases, the law permits a party that unilaterally provides a benefit to another party to recover the estimated value of this benefit. Despite calls for expanding the set of cases to which such a restitution rule applies, the law commonly applies a mutual consent rule under which a party...
Persistent link: https://www.econbiz.de/10005580777
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Large Scale Institutional Changes: Land Demarcation Within the British Empire
Libecap, Gary D.; Lueck, Dean; O'Grady, Trevor - National Bureau of Economic Research (NBER) - 2010
This paper examines the economics of large scale institutional change by studying the adoption of the land demarcation practices within the British Empire during the 17th through 19th Centuries. The advantages of systematic, coordinated demarcation, such as with the rectangular survey, relative...
Persistent link: https://www.econbiz.de/10008610956
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Making Property Productive: Reorganizing Rights to Real and Equitable Estates in Britain, 1660 to 1830
Bogart, Dan; Richardson, Gary - National Bureau of Economic Research (NBER) - 2008
Between 1660 and 1830, Parliament passed thousands of acts restructuring rights to real and equitable estates. These estate acts enabled individuals and families to sell, mortgage, lease, exchange, and improve land previously bound by inheritance rules and other legal legacies. The loosening of...
Persistent link: https://www.econbiz.de/10005830552