limitations irrelevant. This experiment shows that strong property rights serve this function. In theory, efficient outcomes … obtain even without strong property rights. In a hypothetical world where cognitive ability is perfect, individuals would not … prevent weak property rights &m imperfectly enforced property rules and liability rules with low damages - from securing …

limitations irrelevant. This experiment shows that strong property rights serve this function. In theory, efficient outcomes … obtain even without strong property rights. In a hypothetical world where cognitive ability is perfect, individuals would not … prevent weak property rights – imperfectly enforced property rules and liability rules with low damages – from securing …

Is mutually beneficial cooperation in trust games more prevalent with private property or common property? Does the … strength of property right entitlement affect the answer? Cox, Ostrom, Walker, et al. [1] report little difference between … cooperation in private and common property trust games. We assign stronger property right entitlements by requiring subjects to …