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Property as an Economic Concept : Reconciling Legal and Economic Conceptions of Property Rights in a Coasean Framework

Arruñada, Benito - 2013

Adopting a simplistic view of Coase (1960), most economic analyses of property rights disregard both the key advantage that legal property rights (that is, in rem rights) provide to rightholders in terms of enhanced enforcement, and the difficulties they pose to acquirers in terms of information...

Persistent link: https://www.econbiz.de/10013079537

Property Rights and Income Inequality

Haidar, Jamal Ibrahim - 2009

We establish the relationship between property rights and income inequality within 22 former European colonies. The key, unexpected result is: stronger property rights are associated with higher income inequality levels. We provide plausible explanations for these findings

Persistent link: https://www.econbiz.de/10012718026

Exchange Efficiency with Weak Ownership Rights

Bar-Gill, Oren - 2016

We show that efficient exchange obtains independently of the degree to which a legal system protects the rights of owners. We study a number of different legal rules, including property rules (strong protection), liability rules (any party can take the owner's asset but must pay a...

Persistent link: https://www.econbiz.de/10012997275

An Evolutionary Analysis of the Assignment of Property Rights

Tsuneki, Atsushi - 2017

We develop an evolutionary game model to reveal the theoretical basis for the assignment of property right, where both plaintiff and defendant argue for their rights by claiming their reliance investment. We allow for the possibility that the value of the total product depend not only on the...

Persistent link: https://www.econbiz.de/10012946737

Property as the Law of Things

Smith, Henry E. - 2012

picture captures too much to be a theory. By contrast, the information cost, or architectural, theory proposed here captures … law of nuisance, covenants, and zoning. In contrast to the bundle of rights picture, the modular theory captures how a … from the modular architecture. The Article then shows how the information cost theory helps explain some puzzling phenomena …

Persistent link: https://www.econbiz.de/10014172389

Commercializing Property Rights in Inventions : Lessons for Modern Patent Theory from Classic Patent Doctrine

Mossoff, Adam - 2015

traditional property theory is determinative in patent law. Early American courts secured to patentees the same conveyance rights …

Persistent link: https://www.econbiz.de/10014181169

The Social-Obligation Norm of Property : Duguit, Hayem, and Others

Mirow, M. C. - 2010

This article discusses and analyzes the sources and methods used by Leon Duguit in constructing the social-obligation or social-function norm of property as set out in an influential series of lectures in Buenos Aires published in 1912. The work of Henri Hayem has been underappreciated in the...

Persistent link: https://www.econbiz.de/10014192192

Housing of Limited Property Rights : A Paradox Inside and Outside Chinese Cities

Deng, Feng Frederic - 2015

Housing of limited property rights, including so-called "small-property-rights housing" in the countryside (SLPR housing) and affordable housing program in the city (ALPR housing), is an important feature of China's housing policy. This paper presents an integrated analysis of ALPR and SLPR...

Persistent link: https://www.econbiz.de/10014216995

Property Rights and Environmental Quality : A Cross-Country Study

Kerekes, Carrie - 2013

Public policy often regards pollution and other measures of poor environmental quality as public bads that result from market failure and require government intervention through regulatory policies and more stringent environmental standards. In this article, I argue that pollution and...

Persistent link: https://www.econbiz.de/10014158710

Gustav Cassel : In Defense of Private Property Rights

Carlson, Benny - 2013

In Sweden, Gustav Cassel, probably the most famous political economist in the world in the years immediately after World War I, was the most outspoken economist to emphasize the importance of secure property rights. He vigorously defended the importance of private property rights for economic...

Persistent link: https://www.econbiz.de/10014158714