This paper extends the overlapping generations model of the forest sector with the one-sided altruism to study the conditions under which monetary and/or timber bequests are operative. The paper departs from the general public finance literature by assuming nonindustrial landowners have...

The British Columbia halibut fishery provides a natural experiment of the effects of "privatizing the commons". Using firm-level data from the fishery two years before private harvesting rights were introduced, the year they were implemented and three years afterwards, a stochastic frontier is...

This paper presents first-hand evidence about land distribution and the impact of land markets in East and Central Uganda.

This research addresses the question of how many registered trademarks are optimal to protect a brand. By assigning property rights in brand names, trademarks give firms the ability to protect their brands from free riders. The optimal number of trademarks depends on factors that affect expected...

The present essay constitutes a plea to widen macro-economic analysis and "new political economics" by utilizing the procedure of "analytic narratives" that has been successfully put to the test by economic historians.

We analyse the production of knowledge in research teams. Individuals put in effort, which is not enforcable. Effort increases the probability of a successful outcome. Research with enforcable effort displays increasing returns to scale; these scale economies are limited, or even reversed, by the...

We discuss the notion of ownership in economics, taking our point of departure in the Grossman-Hart-Moore property rights approach. We criticize the exclusive identification of ownership with residual rights to control in this approach, and argue that economic organization may be rendered...

Many economists, including Austrian economists, have argued that the market process is essentially an experimental process. We briefly try to clarify this conceptualization, and then argue that we may understand the firm in much the same light. A basic view of the firm as an experimental entity...

This paper provides a precise and critical rereading of theories, developed before the 1990s, able to justify why privatization has been considered as a central component of transition in post-socialist countries, mainly the theory of property rights, managerial theories of the firm, the...