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How Transaction Costs Obstruct Collective Action : Evidence from California's Groundwater
Ayres, Andrew - 2017
, but analysis of their role is limited by a lack of systematic data. We examine governance institutions in California's 445 … groundwater basins using a new dataset to identify factors that influence the adoption of extraction controls. In 309 basins … severely overdrafted. Meanwhile, users in 31 basins have defined groundwater property rights, the most complete solution. We …
Persistent link: https://www.econbiz.de/10012956925
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Spring Cleaning : Rural Water Impacts, Valuation and Property Rights Institutions
Kremer, Michael - 2009
In many societies, social norms create common property rights in natural resources, limiting incentives for private investment. This paper uses a randomized evaluation in Kenya to measure the health impacts of investments to improve source water quality through spring protection, estimate the...
Persistent link: https://www.econbiz.de/10013156861
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The Value of Secure Property Rights : Evidence from Global Fisheries
Grainger, Corbett A. - 2011
Property rights are commonly touted as a solution to common pool resource problems. But in practice the security of these property rights varies substantially owing to differences in design. In fisheries, the design of individual transferable quotas (ITQs) varies widely; the consequences of...
Persistent link: https://www.econbiz.de/10013125578
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The Structure and Conduct of Corporate Lobbying : How Firms Lobby the Federal Communications Commission
de Figueiredo, John M.; Tiller, Emerson H. - 2021
lobbying (internal organization vs. trade association) by firms in administrative agencies. It explores the power and limitations of the collective action theories and transaction cost theories in explaining lobbying. It introduces a dataset of over 900 lobbying contacts cover 101 issues at the...
Persistent link: https://www.econbiz.de/10013247635
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Breach, Remedies and Dispute Settlement in Trade Agreements
Maggi, Giovanni - 2009
We provide a simple but novel model of trade agreements that highlights the role of transaction costs, renegotiation and dispute settlement. The model allows us to characterize the appropriate remedy for breach and whether the agreement should be structured as a system of "property rights" or...
Persistent link: https://www.econbiz.de/10013155118
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Douglass C. North : Transaction Costs, Property Rights, and Economic Outcomes
Libecap, Gary D. - 2018
Douglass North asked why some societies historically and contemporarily have rising per-capita incomes and individual welfare, whereas others do not? He argued that successful economies had property rights that encouraged markets, trade, and investment in new production and organizational...
Persistent link: https://www.econbiz.de/10012919328
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Addressing Global Environmental Externalities : Transaction Costs Considerations
Libecap, Gary D. - 2014
Is there a way to understand why some global environmental externalities are addressed effectively whereas others are not? The transaction costs of defining the property rights to mitigation benefits and costs is a useful framework for such analysis. This approach views international cooperation...
Persistent link: https://www.econbiz.de/10013062612
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The Demarcation of Land and the Role of Coordinating Institutions
Libecap, Gary D.; Lueck, Dean - 2021
This paper examines the origins and economic effects of the two dominant land demarcation systems: metes and bounds (MB) and the rectangular system (RS). Under MB property is demarcated by its perimeter as indicated by natural features and human structures and linked to surveys within local...
Persistent link: https://www.econbiz.de/10013230615
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Property Rights to Land and Agricultural Organization : An Argentina-United States Comparison
Edwards, Eric; Fiszbein, Martin; Libecap, Gary - 2022
The contributions of Harold Demsetz offer key insights on how property rights and transaction costs shape economic organization. This guides our comparison of agricultural organization in two comparable regions, the Argentine Pampas and the US Midwest. In the US, land was distributed in small...
Persistent link: https://www.econbiz.de/10013291252
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Measuring U.S. International Goods and Services Transactions
Baldwin, Robert E.; Kimura, Fukunari - 2021
In order to better capture the close relationship between firms' cross-border trading activities and the sales and purchasing activities of their foreign affiliates, this paper proposes supplementary accounting formats that classify cross-border and foreign affiliate activities on an ownership...
Persistent link: https://www.econbiz.de/10013249692