Similar Search Results

Feldman, Yuval; Smith, Henry E. - In: Journal of Institutional and Theoretical Economics (JITE) 170 (2014) 1, pp. 137-159

The paper uses the findings of psychology, behavioral economics, and behavioral ethics to revisit three main related assumptions of the rational-choice approach to equity, by developing three main points: first, not only bad people try to circumvent the law; second, behavior depends on the...

Persistent link: https://www.econbiz.de/10010828396

Strategic Manipulation of Property Rights in Coasean Bargaining

Buchholz, Wolfgang; Haslbeck, Christian - In: Journal of Institutional and Theoretical Economics (JITE) 153 (1997) 4, pp. 630-630

In a model of Coasean bargaining over externalities it is described how agents can manipulate their opponent … specific to bargaining over externalities and will never occur in the exchange of private goods. It is concluded that the … government hat to supplement liability rules by additional restrictions on the agents' rights. …

Persistent link: https://www.econbiz.de/10005241799

Economic Analysis of Taking Rules: The Bilateral Investment Case

Göller, Daniel; Hewer, Michael - In: Journal of Institutional and Theoretical Economics (JITE) 170 (2014) 3, pp. 520-536

Our analysis focuses on a situation where a landowner and the government invest prior to the government's taking decision. When the government suffers from budgetary fiscal illusion, optimal compensation equals the hypothetical value of the landowner's property had she invested efficiently. In...

Persistent link: https://www.econbiz.de/10010903199

A Theoretical Model of Optimal Forest Resource Regimes in Developing Economies

Kant, Shashi; Berry, R. Albert - In: Journal of Institutional and Theoretical Economics (JITE) 157 (2001) 2, pp. 331-355

The standard economic theory of natural-resource management has its roots in a conventional economic theory of commons that overlooked the role of institutional structures and the transaction costs. Hence, it has not been able to explain cases of successful management of forests as common...

Persistent link: https://www.econbiz.de/10005764384

Regulation by Contract, Regulation by Machine

Radin, Margart Jane - In: Journal of Institutional and Theoretical Economics (JITE) 160 (2004) 1, pp. 142-142

Two potentially widespread phenomena, mass standardized contracts and digital rights management systems, could have dramatic impact on how the law of property and contract regulates the distribution of intellectual property. This paper argues these phenomena motivate a more careful consideration...

Persistent link: https://www.econbiz.de/10005582114

Fragmentation in Property: Towards a General Model

Schulz, Norbert; Parisi, Francesco; Depoorter, Ben - In: Journal of Institutional and Theoretical Economics (JITE) 158 (2002) 4, pp. 594-594

This paper develops a general model of anticommons fragmentation in property. Using several related examples, we consider the equilibria obtained under different scenarios. The various illustrations are later utilized to develop a model of fragmented property. The model reveals that the private...

Persistent link: https://www.econbiz.de/10005823426

An Information Saving and Efficient Nuisance Rule

Kim, Iljoong - In: Journal of Institutional and Theoretical Economics (JITE) 158 (2002) 3, pp. 514-514

The existing literature postulates that in nuisance suits courts should balance, for a property right under conflict, several values of the litigating parties. This practice, however, is controversial, mainly due to courts´ resource scarcity. This paper suggests an alternative institutional...

Persistent link: https://www.econbiz.de/10005247742

The Questionable Efficiency of the Efficient-Breach Doctrine

Lewinsohn-Zamir, Daphna - In: Journal of Institutional and Theoretical Economics (JITE) 168 (2012) 1, pp. 5-26

property rules is greater than the risk of the courts' miscalculation of damages under liability rules. The article presents …

Persistent link: https://www.econbiz.de/10010552147

Property Rights, Land Prices, and Investment: A Study of the Taiwanese Land Registration System

Koo, Hui-wen - In: Journal of Institutional and Theoretical Economics (JITE) 167 (2011) 3, pp. 515-535

To evade land taxes, most land in Taiwan during the Ching Dynasty (1662-1895) was not registered. When the Japanese started to colonize Taiwan at the turn of the 20th century, a thorough land survey was made, and all surveyed land became registered. This paper studies how this institutional...

Persistent link: https://www.econbiz.de/10009277178

Task Interdependence and Noncontractibility in Public-Good Provision

Chen, Bin R.; Chiu, Y. Stephen - In: Journal of Institutional and Theoretical Economics (JITE) 170 (2014) 4, pp. 731-748

In the context of public-good provision, despite noncontractibility of investments, it is possible to specify who is in charge of tasks such as construction and maintenance. We show that complementarity between the investments of the two tasks favors unbundling of tasks through different...

Persistent link: https://www.econbiz.de/10011082297