Endogenous Property Rights and the Nature of the Firm

2020 ◽  
Author(s):  
Carmine Guerriero ◽  
Giuseppe Pignataro
Keyword(s):  
Property Rights ◽  
Endogenous Property Rights

scholarly journals Endogenous Property Rights

2013 ◽  
Author(s):  
Daniel Diermeier ◽  
Georgy Egorov ◽  
Konstantin Sonin
Keyword(s):  
Property Rights ◽  
Endogenous Property Rights

scholarly journals Endogenous Property Rights

2013 ◽  
Author(s):  
Daniel Diermeier ◽  
Georgy Egorov ◽  
Konstantin Sonin
Keyword(s):  
Property Rights ◽  
Endogenous Property Rights

Endogenous Property Rights

2016 ◽  
Vol 59 (2) ◽  
pp. 313-358 ◽  
Author(s):  
Carmine Guerriero
Keyword(s):  
Property Rights ◽  
Endogenous Property Rights

scholarly journals Mechanisms for development of property rights institutions

2006 ◽  
Vol 53 (3) ◽  
pp. 283-298
Author(s):  
Jelena Zarkovic
Keyword(s):  
Property Rights ◽  
Transaction Costs ◽  
Building Block ◽  
Political Power ◽  
Effective Property ◽  
The State ◽  
The Other ◽  
Economic Activities ◽  
Distribution Of Wealth ◽  
Endogenous Property Rights

The institution of property rights is increasingly recognized as an essential building block of an economically prosperous society. The question that remains unsolved, however, is how do we develop effective property rights institutions? The literature dealing with the development of property rights tends to be, in general, an optimistic one since there is a tendency to view the design of property rights institutions as maximizing decisions to economize on transaction costs and to facilitate new economic activities. On the other hand, since property rights define the distribution of wealth and political power in a society, changes in property rights structures are likely to be influenced by more than pure efficiency considerations. Therefore, in order to achieve a balanced analysis of the evolution of property rights institutions, the model of endogenous property rights creation should be modified. We did that by introducing the neoinstitutional theory of the state in the model.

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