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Small Property, Adverse Possession and Optional Law

Qiao, Shitong - 2015

“How to deal with these illegal buildings?” was the question I was frequently asked in my interviews with government officials in Shenzhen, a Chinese city in which almost half of the buildings were built illegally. To demolish them has proved to be a mission impossible; to legalize them would...

Persistent link: https://www.econbiz.de/10014145602

Property Rights and Climate Change

Farber, Daniel A. - 2014

Climate change poses a challenge for maintaining the stable entitlements that are basic to property law. Yet property rights can also serve as aids to climate adaptation. This essay, which was initially delivered as the Wolf Family Lecture on the American Law at the University of Florida,...

Persistent link: https://www.econbiz.de/10014147010

The State's Enforcement Monopoly and the Private Protection of Property

Grechenig, Kristoffel R.; Kolmar, Martin - 2014

The modern state has monopolized the legitimate use of force. This concept is twofold. First, the state is empowered with enforcement rights; second, the rights of the individuals are restricted. In a simple model of property rights with appropriation and defense activity, we show that a...

Persistent link: https://www.econbiz.de/10014147961

Theories of Property and Economic Development

Getzler, Joshua - 2020

According to economic theory, the clear definition of property rights is essential for well-functioning markets … adding to the economist's parsimonious theory. Economic institutions and activities need not be subsumed within purely … modern economic theory of property. The theory traces back to nineteenth- and twentieth-century historical and social …

Persistent link: https://www.econbiz.de/10014101079

Optimal Allocation of Ownership Rights in Dynamic R&D Alliances

Rosenkranz, Stephanie; Schmitz, Patrick W. - 2003

We explore the dynamic evolution of property rights regimes in R&D alliances using the incomplete contract approach pioneered by Grossman, Hart and Moore. In contrast to the standard analysis, the productive asset is an excludable public good such as a patent. Moreover, both firms can decide...

Persistent link: https://www.econbiz.de/10014101917

(Under)Enforcement of Poor Tenants' Rights

Sabbeth, Kathryn A. - 2020

Millions of tenants in the United States reside in substandard housing conditions ranging from toxic mold to the absence of heat, running water, or electricity. These conditions constitute blatant violations of law. The failure to maintain housing in habitable condition can violate the warranty...

Persistent link: https://www.econbiz.de/10014102975

Boondoggles and Expropriation : Rent-Seeking and Policy Distortion When Property Rights are Insecure

Keefer, Philip; Knack, Stephen - 2004

Most analyses of property rights and economic development point to the negative influence of insecure property rights on private investment. Keefer and Knack focus instead on the largely unexamined effects of insecure property rights on government policy choices. They identify one significant...

Persistent link: https://www.econbiz.de/10014106649

Legal Origins

Siems, Mathias - 2022

Legal scholars often classify countries into ‘legal families’. The research on ‘legal origins’ refers to this literature; yet, it then goes further as it uses distinct categories into which each country’s law is allocated in quantitative studies. Today, this line of research, which goes...

Persistent link: https://www.econbiz.de/10014081505

Property Rights, Mobile Capital, and Comparative Advantage

Karp, Larry S. - 2003

Recent papers use sector-specific factor models with mobile labor to show that imperfect property rights can be a source of comparative advantage. In these models, weaker property rights to the specific factor in a sector attract the mobile factor and increase the country's comparative advantage...

Persistent link: https://www.econbiz.de/10014085227

Chapter 8. Blockholders: A Survey of Theory and Evidence

Edmans, Alex; Holderness, Clifford G. - 2017

This paper reviews the theoretical and empirical literature on the role of blockholders (large shareholders) in corporate governance. We start with the underlying property rights of public corporations; we discuss how blockholders are critical in addressing free-rider problems and why, like...

Persistent link: https://www.econbiz.de/10014023374