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Status Quo Property Protection in Politico-Legal Systems

Author

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  • Roger Lagunoff

Abstract

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 if and only if reallocation is preferable to the status quo for one such group. Along the solution path, SQ protections distort allocations across different assets and different property owners. Asset distortions vanish in the limit as the path converges to a stationary assignment. Ownership distortions vanish in the limit if no individuals belong to every eligible group. If the authority is self-interested, systemic protection of vulnerable groups may be welfare improving.

Suggested Citation

  • Roger Lagunoff, 2023. "Status Quo Property Protection in Politico-Legal Systems," American Economic Review: Insights, American Economic Association, vol. 5(2), pages 191-206, June.
    • Handle: RePEc:aea:aerins:v:5:y:2023:i:2:p:191-206
    DOI: 10.1257/aeri.20220091
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    More about this item

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • H13 - Public Economics - - Structure and Scope of Government - - - Economics of Eminent Domain; Expropriation; Nationalization
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • P14 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Property Rights

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