"The authors examine how well several institutional and firm-level factors and their interactions explain firms' perceptions of property rights protection. Their sample includes private and public firms that vary in size from very small to large in 62 countries. Together, the institutional...

The authors examine how well several institutional and firm-level factors and their interactions explain firms' perceptions of property rights protection. Their sample includes private and public firms that vary in size from very small to large in 62 countries. Together, the institutional...

This 263-page book is fascinating not only for its vivid account of the history of the American West but also for its economic analysis of the spontaneous emergence of property rights. In Hollywood movies, the center stage belongs to gunslingers who profit through violence. In The Not So Wild,...

The importance of institutions, including legal institutions, to economic development is widely accepted. But to accept the importance of legal institutions does not by itself provide guidance to policymakers in the developing world. One influential body of economic analysis emphasizes the...