Dieses Paper untersucht "property rights" im Stile der ökonomischen Analyse des Rechts. Dabei wird der Zusammenhang zwischen "property rights" und Allokationseffizienz ebenso behandelt wie der Schutz von "property rights" durch Unterlassungs- und Schadenersatzansprüche, durch Haftungsregeln...

Commons and Anticommons problems are the consequence of symmetric structural departures from a unified conception of property. In this paper, we endeavor to provide a dual model of property, where commons and anticommons problems are the consequence of a lack of conformity between use and...

In einem Buch mit dem Titel „Eigentum und Eigentumspolitik hatten Hans-Christoph Binswanger und Mitarbeiter bereits 1978 die Frage aufgeworfen, ob und wie das private Eigentum von der Ökologiefrage tangiert wird, und sie hatten, daran anknüpfend, Umrisse einer umweltkonformen...

Whereas 'traditional environmental economics' - considering pervasive 'market failure' in the form of negative externalities as the root cause of the problem of environmental degradation - argues for specific government intervention in the market process via a host of different measures to...

Judged by the principle of intertemporal Pareto optimality, insecure property rights and the greenhouse effect both imply overly rapid extraction of fossil carbon resources. A gradual expansion of demand-reducing public policies - such as increasing ad-valorem taxes on carbon consumption or...

From marketing and advertising to political campaigning and court proceedings, contending parties expend resources to persuade an audience of the correctness of their view. We examine how the probability of persuading the audience depends on the resources expended by the parties, so that...

This article investigates economic performance when enforceable property rights are missing and subsistence needs matter. It shows that if per capita income is sufficiently high, a windfall gain in productivity triggers behavior that leads to higher growth (the normal reaction). The same shock...

This paper focuses on the interactions between local communities having at least some degree of informal claims over natural resources and external agents, particularly firms interested in commercial resource exploitation. The paper makes three contributions to the existing literature. First,...

I consider a model in which an asset owner must decide how much to invest in his asset mindful of the fact that an encroacher's valuation of the asset is increasing in the asset owner's investment. Due to incomplete property rights, the encroacher and asset owner engage in a contest over the...