Eswaran, Mukesh; Neary, Hugh M. - In: American Economic Journal: Microeconomics 6 (2014) 3, pp. 203-26
We model the emergence of an innate, biological sense of property rights where resource scarcity and output contestability reign. Preferences evolve such that, in evolutionarily stable equilibrium, an object is valued more by an individual who possesses it, or has produced it, than if he is...