Property rights are the most fundamental institution in any society. They determine who has decision-making authority … historians have long recognized the importance of secure property rights for economic outcomes. Other political economy …, philosophy, historical, and legal literatures emphasize different, but critical attributes based on how property rights are …

firms, large law firms. Our point of departure is the quot;property rightsquot; approach that emphasizes the centrality of …

analyzing the economic substance of corporate transactions based on the property rights theory of the firm, and describe its …

property right protection on the equilibrium path. The reason is the existence of two distinct mechanisms of property rights …

This paper introduces endogenous property rights into a neoclassical growth model. 1t identifies a mechanism that … force behind changes in property rights is the attempt of each rent-seeking group to secure exclusive access to a greater … property, followed by a switch back to common property …

that rejection rates of the model increase after property rights reforms moved the fishery away from the tragedy of the …

This paper evaluates the importance of property rights institutions', which protect citizens against expropriation by …-stage relationships between property rights institutions and the determinants of European colonization (settler mortality and population … instrumental variables strategy, we find that property rights institutions have a first-order effect on long-run economic growth …

broad-based property rights enforcement, when they create effective constraints on power-holders, and when there are …

preferable to property rules. The case for liability rules is thought to be strongest when the parties behave strategically, when … are not available. It is shown here that liability rules are not generally preferable to property rules in these …