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  1. Waifs and strays: property rights in late medieval England
    Autor*in: Claridge, Jordan; Gibbs, Spike
    Erschienen: November 2020
    Verlag:  Economic History Department, London School of Economics and Political Science, London, UK

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    Schriftenreihe: Economic history working papers / London School of Economics and Political Science ; no: 313
    Schlagworte: medieval; agriculture; property rights; livestock; law; feudalism
    Umfang: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  2. Property rights and economic freedom: an econometric analysis
    Autor*in: Van, Germinal G.
    Erschienen: [2020]
    Verlag:  EERI, Economics and Econometrics Research Institute, Brussels, Belgium

    The purpose of this paper is to establish a positive correlation between property rights and economic freedom. It seeks to demonstrate that property rights lead to economic freedom. From a purely theoretical perspective, it has been assumed that... mehr

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    The purpose of this paper is to establish a positive correlation between property rights and economic freedom. It seeks to demonstrate that property rights lead to economic freedom. From a purely theoretical perspective, it has been assumed that greater access to property rights leads to economic freedom, consequently to a sustainable economic growth. To establish this correlation in the case of Africa, we applied the use of statistical tools to substantiate the validity of our economic theory. We mainly used a simple linear regression to ascertain our hypothesis.

     
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    hdl: 10419/251102
    Schriftenreihe: EERI research paper series ; no 2020, 10
    Schlagworte: economic freedom; property rights; econometrics; macroeconomics; development economics; economic growth
    Umfang: 1 Online-Ressource (circa 16 Seiten), Illustrationen
  3. Initially contestable property rights and Coase
    evidence from the lab
    Autor*in: Friesen, Lana; Mackenzie, Ian A.; Mai Phuong Nguyen
    Erschienen: May 2022
    Verlag:  University of Queensland, [Brisbane]

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    Schriftenreihe: Discussion paper series / UQ School of Economics ; no. 656
    Schlagworte: Coasean bargaining; transaction costs; experiment; property rights; contest
    Umfang: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  4. From addition to multiplication
    the labour theory of value and the economic institutions of capitalism : part three: structure, super-structure and institutional change
    Autor*in: Battistini, Alberto
    Erschienen: [2022]
    Verlag:  Università di Siena, [Siena]

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    Schriftenreihe: Quaderni del Dipartimento di economia politica e statistica ; n. 886 (luglio 2022)
    Schlagworte: beliefs; expectations; inter-subjectivity; structural interdependence; property rights; selfevidence
    Umfang: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  5. Resolving financial distress where property rights are not clearly defined
    the case of China
    Autor*in: Franks, Julian R.; Miao, Meng; Sussman, Oren
    Erschienen: [2022]
    Verlag:  DFG Center for Advanced Studies on the Foundations of Law and Finance, House of Finance, Goethe University, Frankfurt am Main, Germany

    We use data on financially distressed Chinese companies in order to study a debt market where property rights are crudely defined and poorly enforced. To help with identification we use an event where a business-friendly province published new... mehr

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    We use data on financially distressed Chinese companies in order to study a debt market where property rights are crudely defined and poorly enforced. To help with identification we use an event where a business-friendly province published new guidelines regarding the administration and enforcement of assets pledged as collateral. Although by no means a comprehensive reform of bankruptcy law or property rights, by instructing courts to enforce existing, albeit rudimentary, contractual rights the new guidelines virtually eliminated creditors runs and produced a sharp increase in the survival rate of financially-distressed companies. These changes illustrate how piecemeal reforms of property rights and their enforcement may have a significant impact on economic outcomes. Our analysis and results challenge the view that a fully fledged system of private property is a precondition for economic development.

     
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    hdl: 10419/269205
    Schriftenreihe: LawFin working paper ; no. 49
    Schlagworte: Finance and development; property rights; financial distress; creditors runs
    Umfang: 1 Online-Ressource (circa 46 Seiten)
  6. Regularização fundiária no Brasil
    avanços e desafios
    Autor*in: Gómez, Raúl V.; Vieira Filho, José Eustáquio Ribeiro
    Erschienen: fevereiro de 2023
    Verlag:  Instituto de Pesquisa Econômica Aplicada, Brasília

    A vast economic literature argues that well-defined property rights over land use can be associated with increases in efficiency in the use of scarce resources. In December 2020, the Brazilian government launched the Titula Brasil program, which aims... mehr

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    A vast economic literature argues that well-defined property rights over land use can be associated with increases in efficiency in the use of scarce resources. In December 2020, the Brazilian government launched the Titula Brasil program, which aims to support and facilitate the land regularization process in the country. The process of regularization of settlers has become a debate of interest regarding the national agrarian policy, since the agrarian sector is responsible for a considerable portion of the national economy. Given the above, this work sought to investigate the relationship between property rights over land use, measured as the number of titles issued and various economic results in the agricultural sector. The results show a positive relationship between the number of domain titles and the value of production and the area planted in Brazilian states during the period from 2019 to 2021. The general perception is that policies that seek to strengthen property rights can contribute to the economic development of the agricultural sector. However, causality analysis is necessary to estimate the effects of this type of policy.

     
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    Sprache: Portugiesisch
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    hdl: 10419/284907
    Schriftenreihe: Texto para discussão / Ipea ; 2851
    Schlagworte: property rights; production value; agricultural production
    Umfang: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  7. Shaping inequality?
    property rights, landed elites and public lands in Colombia
    Autor*in: Torres, Juan David
    Erschienen: octubre de 2022
    Verlag:  CEDE, Centro de Estudios sobre Desarrollo Económico, Bogotá, D.C., Colombia

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    Weitere Identifier:
    hdl: 1992/62922
    Schriftenreihe: Array ; 2022, 40
    Schlagworte: Land reform; property rights; public land allocations; landed elites,collective action
    Umfang: 1 Online-Ressource (circa 100 Seiten), Illustrationen
  8. (De facto) historical ethnic borders and land tenure in Sub-Saharan Africa
    Autor*in: Depetris-Chauvin, Emilio; Özak, Ömer
    Erschienen: March 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    We study the role of proximity to historical ethnic borders in determining individual land ownership in Sub-Saharan Africa. Following an instrumental variable strategy, we document that individuals have a lower likelihood of owning land near... mehr

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    We study the role of proximity to historical ethnic borders in determining individual land ownership in Sub-Saharan Africa. Following an instrumental variable strategy, we document that individuals have a lower likelihood of owning land near historical ethnic borders. In particular, the likelihood of owning land decreases by 15 percentage points, i.e., about 1/3 of the mean rate of landownership, for rural migrants who move from 57km (90th percentile) to 2 km (10th percentile) from the border. This result aligns with the view that competition for land is stronger and property rights are weaker close to historical ethnic borders in Sub-Saharan Africa.

     
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    hdl: 10419/272674
    Schriftenreihe: Discussion paper series / IZA ; no. 16047
    Schlagworte: land ownership; borders; property rights; historical homelands; development; Africa; Voronoi Tessellation; Thiessen Tessellation
    Umfang: 1 Online-Ressource (circa 18 Seiten), Illustrationen
  9. Strong user rights in fisheries
    delineating the impacts
    Autor*in: Ragnar Arnason; Runolfsson, Birgir
    Erschienen: [2022]
    Verlag:  [Faculty of Economics, University of Iceland], [Reykjavik, Iceland]

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    hdl: 10419/273305
    Schriftenreihe: Working paper series / Institute of Economic Studies ; W 22, 02 (September 2022)
    Schlagworte: User rights in fisheries; property rights in fisheries; property rights; strong userrights; impacts of strong user rights; SURFs
    Umfang: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  10. Great expectations
    a tale of two transitions
    Autor*in: Girardi, Daniele; Veneziani, Roberto; Wengle, Susanne
    Erschienen: [2023]
    Verlag:  School of Economics and Finance, Queen Mary University of London, London

    Over a quarter of the world's population lives in economies that have undertaken transitions from central planning to market economies. These transitions entail far-reaching and complex changes in social, economic and political institutions and have... mehr

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    Over a quarter of the world's population lives in economies that have undertaken transitions from central planning to market economies. These transitions entail far-reaching and complex changes in social, economic and political institutions and have had widely divergent outcomes. Important strands of literature have emphasised the strategic complementarities that characterise the transition process in both the economic and political realms. Contrary to a widespread assumption, market-supporting institutions do not necessarily arise when assets are privatised in a highly unstable and uncertain environment; in fact, multiple equilibria emerge and expectations may play a key role in equilibrium selection. In this paper, we survey the vast empirical literature on transition economies in order to provide evidence on the correlation between expectations at the beginning of transition and success of the transition process. We provide the first comprehensive survey of the literature on agents' subjective perceptions of transitions' paths.

     
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    hdl: 10419/284318
    Schriftenreihe: Working paper / School of Economics and Finance, Queen Mary University of London ; no. 968 (November 2023)
    Schlagworte: Transition; expectations; multiple equilibria; property rights
    Umfang: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  11. The importance of social status in a rent-seeking society
    Autor*in: Amegashie, J. Atsu
    Erschienen: January 2024
    Verlag:  CESifo, Munich, Germany

    Status-seeking exists in all societies but different societies value status differently. How does the importance of social status affect the mode of status-seeking? I consider a game in which status can be achieved through productive effort that... mehr

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    Status-seeking exists in all societies but different societies value status differently. How does the importance of social status affect the mode of status-seeking? I consider a game in which status can be achieved through productive effort that increases wealth or through a contest in which unproductive (rent-seeking) effort is used to redistribute wealth. Contestants are identical and there is a constraint on total effort. The number of contestants, the security of property rights, and the opportunity cost of unproductive activities in terms of productive activities (i.e., when the constraint binds or does not bind) determine whether an increase in the importance of status leads to an increase or decrease in productive effort (economic output). When the constraint on total effort does not bind, an increase in the importance of status leads to an increase in rent-seeking effort, regardless of the security of property rights. When the contestants differ by their taste for status, status-seeking can have far-reaching effects as a few people become more status-conscious and increase their status-seeking effort, this causes other relatively less status-conscious people to respond. When the contestants have different productive abilities, there exists an equilibrium in which rent-seeking effort is independent of productive ability.

     
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    Schriftenreihe: CESifo working papers ; 10894 (2024)
    Schlagworte: contest; productive effort; property rights; rent-seeking; status-seeking
    Umfang: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  12. Market design for the environment
    Autor*in: Cantillon, Estelle; Slechten, Aurélie
    Erschienen: January 2024
    Verlag:  ECARES, Brussels, Belgium

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    hdl: 2013/ULB-DIPOT:oai:dipot.ulb.ac.be:2013/368381
    Schriftenreihe: ECARES working paper ; 2024, 02
    Schlagworte: Natural capital; ecosystem services; tradable quotas; property rights; pollution; carbon markets; voluntary markets; externalities; asset design
    Umfang: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  13. The need for local governance of global commons
    the example of blue carbon ecosystems
    Autor*in: Merk, Christine; Grunau, Jonas; Riekhof, Marie-Catherine; Rickels, Wilfried
    Erschienen: [2021]
    Verlag:  Kiel Institute for the World Economy, Kiel

    To limit global warming to 1.5°C, vast amounts of CO2 will have to be removed from the atmosphere via Carbon Dioxide Removal (CDR). Enhancing the CO2 sequestration of ecosystems will require not just one approach but a portfolio of CDR options,... mehr

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    To limit global warming to 1.5°C, vast amounts of CO2 will have to be removed from the atmosphere via Carbon Dioxide Removal (CDR). Enhancing the CO2 sequestration of ecosystems will require not just one approach but a portfolio of CDR options, including so-called nature-based approaches alongside CDR options that are perceived as more technical. Creating a CDR “supply curve” would however imply that all CDR approaches are considered to be perfect substitutes. The various co-benefits of nature-based CDR approaches militate against this as their common-pool resource characteristics could result in undesired outcomes for CO2-only incentive schemes. We discuss this aspect of nature-based solutions in connection with the enhancement of blue carbon ecosystems (BCE) such as mangrove or seagrass habitats. Enhancing BCEs can indeed contribute to CO2 sequestration, but the value of their carbon storage is low compared to the overall contribution of their ecosystem services to wealth. Furthermore, they are de facto open-access regimes with unclear property rights. Hence, payment schemes that only compensate BCE carbon sequestration could create tradeoffs at the expense of other important ecosystem services and might not result in socially optimal outcomes. Accordingly, one chance for preserving and restoring BCEs lies in the consideration of all services in potential compensation schemes for local communities. Also, local contexts, management structures, and benefit-sharing rules are crucial factors to be taken into account when setting up international payment schemes to support the use of BCEs and other nature- or ecosystem-based CDR. However, regarding these options as the only hope of achieving more CDR will very probably not bring about the desired outcome, either for climate mitigation or for ecosystem preservation. On the other hand, unhalted degradation will make matters worse due to the large amounts of stored carbon that would be released. Hence, countries committed to climate mitigation in line with the Paris targets should not hide behind vague pledges to enhance natural sinks for removing atmospheric CO2 but commit to scaling up engineered CDR.

     
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    hdl: 10419/247706
    Schriftenreihe: Kiel working paper ; no. 2201 (November 2021)
    Schlagworte: Carbon Dioxide Removal; nature‐based solutions; blue carbon ecosystems; common pool resources; governance; property rights
    Umfang: 1 Online-Ressource (circa 19 Seiten), Illustrationen
  14. Co-operatives and collective action
    case of a rubber grower co-operative in East Garo Hills in Meghalaya, North East India
    Autor*in: Viswanathan, P. K.
    Erschienen: December 2008
    Verlag:  Gujarat Institute of Development Research, Gota, Ahmedabad

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    ISBN: 8189023551
    Schriftenreihe: Working paper / Gujarat Institute of Development Research ; no. 189 (December 2008)
    Schlagworte: Co-operatives; collective action; tribals; institutions; property rights
    Umfang: ii, 32 Seiten, Illustrationen
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  15. Ingemar Ståhl 1938-2014
    a portrait of a political economist in the Swedish welfare state
    Autor*in: Jonung, Lars
    Erschienen: December 2019
    Verlag:  Department of Economics, School of Economics and Management, Lund University, Lund

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    hdl: 10419/260289
    Schriftenreihe: Working paper / Department of Economics, Lund University ; 2019, 19
    Schlagworte: Public choice; welfare economics; property rights; socialism; liberalism; welfare state; Sweden
    Umfang: 1 Online-Ressource (circa 17 Seiten)
  16. Specifying and assigning "bundles of rights" on data
    an economic perspective
    Autor*in: Kerber, Wolfgang
    Erschienen: [2021]
    Verlag:  Philipps-University Marburg, School of Business and Economics, Marburg

    This paper shows that with respect to data the legal category of "property" (physical property or intellectual property) is not a suitable model for dealing with the complexity of data governance problems. Although data can be a valuable asset and... mehr

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    This paper shows that with respect to data the legal category of "property" (physical property or intellectual property) is not a suitable model for dealing with the complexity of data governance problems. Although data can be a valuable asset and might need incentives for its generation, the economic and technological conditions regarding data differ significantly from the problems regarding physical goods, innovation, and creative works. Through the much easier excludability and the greater importance of the nonrivalry and context-dependency of the use of data, not the incentive problem for data generation but the problems of access and sharing of data have become the most urgent policy issues. One particularly important reason can be the exclusive de facto control of firms over data, for which no formal property rights exist, but which can lead to market failures with respect to competition and innovation. The "bundle of rights" approach (based upon the economic theory of property rights) with its flexibility and wide range of options, how to specify these rights and to whom these rights can be assigned, offers a framework that allows for finding appropriate data governance solutions that fit to the specific economic and technological conditions of different industries and contexts. The paper also shows that current digital policy discussions can be interpreted as discussions about the proper specification and assignment of bundles of rights on data (as, e.g., with regard to the GDPR, data portability or the Digital Markets Act).

     
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    hdl: 10419/234876
    Auflage/Ausgabe: Version: 26.4.2021
    Schriftenreihe: Joint discussion paper series in economics ; no. 2021, 22
    Schlagworte: data rights; bundle of rights; property rights; data access; data governance
    Umfang: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  17. The rainmaker?!
    the impact of investors on transfer fees in the English Premier League
    Autor*in: Richau, Lukas; Follert, Florian; Frenger, Monika; Emrich, Eike
    Erschienen: [2021]
    Verlag:  Helmut Schmidt University Hamburg, Department of Economics, Hamburg

    Transfer fees in European football have experienced a rapid increase in the past years. Simultaneously, an increasing number of domestic and recently foreign investors - who are assumed to further increase team spending in European football - have... mehr

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    Transfer fees in European football have experienced a rapid increase in the past years. Simultaneously, an increasing number of domestic and recently foreign investors - who are assumed to further increase team spending in European football - have entered the football market by becoming club owners. In light of these developments, fears associated with an increasing influence of foreign (majority) investors from the financial as well as the emotional fan perspective have increased. Given the rather limited number of empirical studies focusing on the impact of investors on transfer fees, we shed further light on this topic. Based on a data sample from 2012/13 to 2018/19 for the English Premier League, we estimate OLS regressions and quantile regressions to analyze the effects of ownership concentration and investor origin on the amount of individual transfer fees. While we do not find strong evidence that ownership concentration increases the willingness to pay, we find fairly consistent results that foreign investors are willing to pay a premium compared to domestic investors. Our results also indicate that especially foreign investors who own a majority share of a club have a positive effect on transfer fees for the upper quantiles.

     
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    hdl: 10419/242490
    Schriftenreihe: Working paper series / Helmut Schmidt University Hamburg, Department of Economics ; Nr./no. 187 (January 2021)
    Schlagworte: Sports finance; property rights; club ownership; investors; football transfer market
    Umfang: 1 Online-Ressource (circa 36 Seiten)
  18. Land property rights, cadasters and economic growth
    a cross-country panel 1000-2015 CE
    Autor*in: D'Arcy, Michelle; Nistotskaya, Marina; Olsson, Ola
    Erschienen: March 2021
    Verlag:  Department of Economics, University of Gothenburg, Göteborg

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    Weitere Identifier:
    hdl: 2077/68035
    Schriftenreihe: Working paper in economics ; no. 800
    Schlagworte: cadaster; property rights; growth
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  19. Blockchain, fractional ownership, and the future of creative work
    Autor*in: Whitaker, Amy; Kräussl, Roman
    Erschienen: [2020]
    Verlag:  [University of Luxembourg, Faculty of Law, Economics and Finance, Luxembourg School of Finance], [Luxembourg]

    A core challenge in studying the real return on artists' work is the extreme difficulty accessing private records from when an artwork was first sold and thus relying on public auction data. In addition, artists do not typically receive proceeds... mehr

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    A core challenge in studying the real return on artists' work is the extreme difficulty accessing private records from when an artwork was first sold and thus relying on public auction data. In addition, artists do not typically receive proceeds after the initial sale. This paper, for the first time, uses archivally sourced primary market records to model returns on art and introduces a novel fractional equity structure for artists. We first model what would happen if the American artists Jasper Johns and Robert Rauschenberg had retained 10% equity in their work when it was first sold. Secondly, we model a portfolio return using data from the Betty Parsons Gallery and the Green Gallery. To add a portfolio analysis to the performance of “star” artists, we model the galleries as a fund invested in all of artworks sold, using auction sales as the realization event. We find that the individual Johns and Rauschenberg works would have vastly outperformed equities markets. The gallery portfolio still substantially outperforms the S&P, even including 20% transaction costs. Beyond the art market, our larger conceptual framework for retained fractional equity has broad implications for compensation of early-stage creative work in any field and for potential applications of blockchain technology

     
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    Auflage/Ausgabe: Revised February 2019
    Schriftenreihe: LSF research working paper series ; 2020, 2
    Schlagworte: Value creation; art market; creative work; venture funding; property rights; blockchain; fractional equity; resale royalties
    Umfang: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  20. No taxation without property rights
    formalization of property rights on land and tax revenues from individuals in sub-Saharan Africa
    Autor*in: Nistotskaya, Marina; D'Arcy, Michelle
    Erschienen: December 2021
    Verlag:  United Nations University World Institute for Development Economics Research, Helsinki, Finland

    The arguments that property rights and taxation positively affect development are well established in separate literatures, but the link between property rights and taxation is understudied. To address this gap, we theorize that formalization of... mehr

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    The arguments that property rights and taxation positively affect development are well established in separate literatures, but the link between property rights and taxation is understudied. To address this gap, we theorize that formalization of individual property rights facilitates economic exchange at scale, providing a viable opportunity for individuals to improve their economic standing, in exchange for which property owners assent to pay taxes. We illustrate the argument by comparing the historical evolution of tax states in early modern Europe and colonial Africa. Empirically, we examine the links in sub-Saharan Africa between (1) the ease of access to state-recorded information on land ownership and assent to paying taxes using individual-level data from Afrobarometer, and (2) the formalization of individual property rights on land, measured through novel data on the extent of cadastral records, and government revenue from taxes on individuals at the cross-country level.

     
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    ISBN: 9789292671150
    Weitere Identifier:
    hdl: 10419/249481
    Schriftenreihe: WIDER working paper ; 2021, 175
    Schlagworte: property rights; cadastre; taxation; sub-Saharan Africa; Afrobarometer
    Umfang: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  21. Historical prevalence of infectious diseases and entrepreneurship
    the role of institutions in 125 countries
    Autor*in: Messono, Omang O.; Asongu, Simplice
    Erschienen: [2021]
    Verlag:  African Governance and Development Institute, [Yaoundé]

    This study examines the effects of the historical prevalence of infectious diseases on contemporary entrepreneurship. Previous studies reveal the persistence of the effects of historical diseases on innovation, through the channel of culture. Drawing... mehr

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    This study examines the effects of the historical prevalence of infectious diseases on contemporary entrepreneurship. Previous studies reveal the persistence of the effects of historical diseases on innovation, through the channel of culture. Drawing on the epidemiological origin of institutions, we propose a framework which argues that the impact of infectious disease prevalence on contemporary entrepreneurship is mediated by property rights. The central hypothesis posits that a guarantee of property rights reduces the effect of past diseases on entrepreneurship. Using data from 125 countries, we find strong and robust evidence on the proposed hypothesis and other results. Property rights are higher in countries where the prevalence of diseases was low, which leads to good entrepreneurship scores. In contrast, countries with high disease prevalence did not have time to develop strong institutions to secure property rights. This explains their low level of entrepreneurship today. These results are robust to alternative methods and measures of property rights. Furthermore, our results also confirm the level of development, culture and the digitalization of economies as transmission channels between past diseases and the current level of entrepreneurship.

     
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    hdl: 10419/250120
    Schriftenreihe: AGDI working paper ; WP/21, 096
    Schlagworte: entrepreneurship; institutions; diseases; property rights
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  22. Customary land conversionand the formation of the African city
    Autor*in: Picard, Pierre M.; Selod, Harris
    Erschienen: [2021]
    Verlag:  CORE, Louvain-la-Neuve

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    hdl: 2078.1/254743
    Schriftenreihe: LIDAM discussion paper CORE ; 2021, 28
    Schlagworte: Urbanization; land markets; property rights; market failure
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  23. Evolution of user rights quality in the Icelandic fisheries
    Autor*in: Birgir Þór Runólfsson
    Erschienen: 2023
    Verlag:  [Faculty of Economics, University of Iceland], [Reykjavik, Iceland]

    User rights in fisheries refer to the rights of fishers to harvest from fish resources. In terms of exclusivity, security, duration and transferability these rights can be strong or they can be weak. For this a definition of and a measure of the... mehr

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    User rights in fisheries refer to the rights of fishers to harvest from fish resources. In terms of exclusivity, security, duration and transferability these rights can be strong or they can be weak. For this a definition of and a measure of the strength of user rights is needed. We refer to strong and weak user rights, and by strong user rights in fisheries (SURFs), we mean fishing rights that score highly on the quality of property rights, or property rights quality index (Q-measure), which be explain in the paper. Weak user rights are fishing rights that score low on the quality of property rights. We then explain how this approach can be applied to analyze and score the quality of actual user rights in fisheries. This we do first by relating the characteristics or attributes of property rights to harvesting rights or vessel quota systems in fisheries and we look at the case of Iceland which implemented an individual transferable quota system (ITQs) in its fisheries in the latter half of the 20th century. We recount the story of the implementation and score the different property rights attributes. We then relate this to the change in performance of the fisheries by comparing the quality score to the value of the fishing quotas, and indirectly to the profitability of the fisheries. It turns out that there is a high correlation between the quality score and the value of the quotas.

     
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    Schriftenreihe: Working paper series / Institute of Economic Studies ; W 23, 01 (June 2023)
    Schlagworte: User rights in fisheries; fisheries; property rights in fisheries; property rights; strong user rights; quality of user right sin fisheries; Q-measure; SURFs
    Umfang: 1 Online-Ressource (circa 25 Seiten), Illustrationen
  24. The causal effects of enclosures on production and productivity
    Autor*in: Lazuka, Volha; Bengtsson, Tommy; Svensson, Patrick
    Erschienen: August 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Enclosures enforced private property rights at the onset of industrialization, yet numerous estimations of the enclosures' effects on production and productivity rely on non-experimental designs. We estimate the causal effects of enclosure reforms... mehr

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    Enclosures enforced private property rights at the onset of industrialization, yet numerous estimations of the enclosures' effects on production and productivity rely on non-experimental designs. We estimate the causal effects of enclosure reforms applying state- of-the-art difference-in-differences and event-study methods to a large panel of farms observed between 1781 and 1865 in Sweden. Our results demonstrate that enclosures led to a 3.4 percent annual growth in land productivity in the first decade and overall production increase reached 82 percent after 30 years. Such results are much larger than previous estimates, suggesting that land enclosures were a prerequisite for modern economic growth.

     
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    hdl: 10419/279092
    Schriftenreihe: Discussion paper series / IZA ; no. 16394
    Schlagworte: enclosures; property rights; production; agriculture; difference-in-differences; event-study
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  25. The Roman familia
    a view from the economics of property
    Autor*in: Arruñada, Benito
    Erschienen: [2023]
    Verlag:  BSE, Barcelona School of Economics, [Barcelona]

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    Schriftenreihe: BSE working paper ; 1407 (October 2023)
    Schlagworte: economics of ancient law; economics of ancient societies; economic analysis of Roman law; law and economics; family law; dowry; property rights; transaction costs; personal exchange; new institutional economics
    Umfang: 1 Online-Ressource (circa 28 Seiten)