Using a social dilemma game, we study the cooperative behavior of individuals who reintegrate their group after being excluded by their peers. We manipulate the length of exclusion and whether this length is imposed exogenously or results from a vote. We show that people are willing to exclude...

Inspired by comments made by Allen (2017), Lueck (2017), Ménard (2017) and Smith (2017), this response clarifies and deepens the analysis in Arruñada (2017a). Its main argument is that to deal with the complexity of property we must abstract secondary elements, such as the physical dimensions...

The paper identifies what value blockchain adds to the contractual and property processes, exploring its potential and analyzing the main difficulties it is facing. It argues that, contrary to naive conceptions that proclaim the end of intermediaries and state involvement, blockchain...

There is global attention on new data analytic methods. Data scraping (a typical first step for advanced data analytics), text and data mining (TDM, the extraction of knowledge from data) and machine learning (ML, often also simply referred to as Artificial Intelligence or AI) are seen as...

The Directive on Copyright in the Digital Single Market Directive ((EU) 2019/790) has been a subject of heated and highly polarised debate, and an object of intense lobbying from the outset. It grasped the attention of a multitude of stakeholders, including tech companies, publishers, platforms,...

For both policy makers and academic researchers it is an important concern whether or not low-income housing will become slum. The central issue of slum in both developing countries and developed countries is the lack of some local public goods such as security and sanitation. Hence, we propose...

In order to function, higher education has to rely on the sectarian individualism of academics who seek wider intellectual and social reputation as a substitute for the private distribution of residuals. This frames governance as a positive sum game, and makes collective action possible. Since...

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...

This book explains how public registries strengthen property rights and reduce transaction costs, analyzes the main tradeoffs in their organization, and proposes principles for successfully developing registries in countries at different stages of development. The book focuses on land and...

In this paper we deal with situations of collective contests between two groups over a private prize. A well known way to divide the prize within the winning group is the prize sharing rule introduced by Nitzan, 1991. Since its introduction it has become a standard in the collective contests...