We analyse river sharing games in which a set of agents located along a river shares the available water. Using coalition theory, we find that the potential benefits of water trade may not be su cient to make all agents in the river cooperate and acknowledge property rights as a prerequisite for...

We analyse river sharing games in which a set of agents located along a river shares the available water. Using coalition theory, we find that the potential benefits of water trade may not be su cient to make all agents in the river cooperate and acknowledge property rights as a prerequisite for...

We analyse river sharing games in which a set of agents located along a river shares the available water. Using coalition theory, we find that the potential benefits of water trade may not be su cient to make all agents in the river cooperate and acknowledge property rights as a prerequisite for...

This paper draws on the ongoing reconstruction in Wenchuan Earthquake areas and studies how a new world of private property rights affects post-disaster reconstruction. In addition to analyzing particular problems related to rural housing, urban housing and housing finance, I argue that...

The paper sketches an argument for a classical liberal view of the 'natural rights' of life, liberty, property and the pursuit of happiness, albeit one based in a semi-'rule-utilitarian' approach, where the defense is based in a 'hypothetical imperative' and circumscribed by what social science...

This paper builds a bridge between certain of the most basic principles of economics and those of evolutionary biology. It begins by extending Ronald Coase’s “The Nature of the Firm” to an investigation of how, as their environment evolves, species achieve adaptive efficiency by...

The paper sketches an argument for a classical liberal view of the "natural rights" of life, liberty, property and the pursuit of happiness, albeit one based in a semi-"rule-utilitarian" approach, where the defense is based in a "hypothetical imperative" and circumscribed by what social science...

Type-I and type-II errors effects do matter both from the rules enforcement perspective and vertically upward to rules enactment. The paper support conventional idea about detrimental influence on deterrence of both types of errors. At the same time special role of type-I errors is demonstrated...

Institutional dynamics and uncertainty in a country are crucial considerations for investors when searching for venture capital opportunities. International entrepreneurship literature has focused on the impact of unidimensional measures of institutions, despite that institutional environments...