Showing 321 - 325 of 325
NOTE: The following is a description of the paper and not the actual abstract. We study whether compulsory public provision or voluntary private provision of public goods can survive when individuals who "vote with their feet" can choose between communities that differ in the way that public...
Persistent link: https://www.econbiz.de/10014056544
We present a model of coalitional property rights (CPR) regimes regimes in which ownership of a good is attributable to coalitions of various sizes. Specifically, for each good, we define a legal structure that specifies the legal coalitions of individuals that share a communal claim to that...
Persistent link: https://www.econbiz.de/10014056562
Why would a political elite voluntarily dilute its political power by extending the franchise? This paper develops a dynamic recursive framework for studying voter enfranchisement. We study properties of dynamic enfranchisement games, dynamic games in which political rights evolve over time....
Persistent link: https://www.econbiz.de/10014030461
This paper models status quo (SQ) protection of property rights. A politico-legal system determines eligibility of citizen-groups for protection. A ruling authority can reallocate property iff reallocation is preferable to the status quo for one such group. Along the solution path, SQ...
Persistent link: https://www.econbiz.de/10013301694
We model dynamic mechanisms for a global commons. Countries benefit from both consumption and aggregate conservation of an open access resource. A country's relative value of consumption-to-conservation is privately observed and evolves stochastically. An optimal quota maximizes world welfare...
Persistent link: https://www.econbiz.de/10013062703