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The Form of Property Rights : Oligarchic vs. Democratic Societies
Acemoglu, Daron - 2003
also tends to erect significant entry barriers, violating the property rights of future producers. Democracy, where … taxes in democracy are high and the distortions caused by entry barriers are low, an oligarchic society achieves greater … created by entry barriers in oligarchy deteriorates over time. The typical pattern is therefore one of the rise and decline of …
Persistent link: https://www.econbiz.de/10012468659
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Forms of Democracy, Policy and Economic Development
Persson, Torsten - 2005
of democracy (rather than democracy vs. non-democracy) has important consequences for the adoption of structural polices … opposed to majoritarian) and permanent (as opposed to temporary) democracy appear to produce the most growth …
Persistent link: https://www.econbiz.de/10012467514
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Voice and Growth : Was Churchill Right?
Lindert, Peter H. - 2003
The debate over whether political democracy is the least bad regime, as Churchill once said, remains unresolved because …
Persistent link: https://www.econbiz.de/10012468949
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Rural Demography, Public Services and Land Rights in Africa : A Village-Level Analysis in Burkina Faso
McMillan, Margaret S. - 2011
This paper uses historical census data from Burkina Faso to characterize local demographic pressures associated with internal migration into river valleys after Onchocerciasis eradication, combined with a new survey of village elders to document change over time and differences across villages...
Persistent link: https://www.econbiz.de/10012460939
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The creation of the rule of law and the legitimacy of property rights : the political and economic consequences of a corrupt privatization
Hoff, Karla Ruth - 2005
"How does the lack of legitimacy of property rights affect the dynamics of the creation of the rule of law? We investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is possible, that those who have "stolen" assets cannot be...
Persistent link: https://www.econbiz.de/10010522421
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Producers and Predators
Grossman, Herschel I. - 1999
This paper explores a series of general-equilibrium models in which people can choose to be either producers or predators, and in which producers can allocate their resources either to production or to guarding their production against predators. The analysis shows how the ratio of predators to...
Persistent link: https://www.econbiz.de/10012471640
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Citizen Rights and the Cost of Law Enforcement
Reder, Melvin - 1973
There is an inherent tension between the idea that individuals have certain inalienable (natural) rights and the economist's postulate that the rate if utilization of anything whose production requires scarce resources must be limited by considerations of opportunity cost. Remarks about rights...
Persistent link: https://www.econbiz.de/10012479113
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Nonrivalry and the Economics of Data
Jones, Charles I. - 2019
Data is nonrival: a person's location history, medical records, and driving data can be used by any number of firms simultaneously. Nonrivalry leads to increasing returns and implies an important role for market structure and property rights. Who should own data? What restrictions should apply...
Persistent link: https://www.econbiz.de/10012480204
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Valuation of Long-Term Property Rights under Political Uncertainty
He, Zhiguo - 2020
We empirically analyze pricing of political uncertainty in long-term property rights, guided by a theoretical model of housing assets subject to contract extension in the remote future. To identify exposure to political uncertainty, we exploit a unique variation around land lease extension...
Persistent link: https://www.econbiz.de/10012481213
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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/10012463189