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The Evolution of Property Rights

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  • Field, Barry C
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    Abstract

    A model of the "optimal commons" shows how property tenures result from the interaction of transactions costs among those people using a resource in common and the costs of excluding noncommoners. The model shows that, under some circumstances, demographic and economic growth will induce a change toward individual property, while under other circumstances, growth can lead toward common property. Empirical examples of these shifts are discussed. Collective governance institutions are critical to the process; in fact, changes in governance institutions can lead to property rights changes in the absence of changes in underlying economic factors. Copyright 1989 by WWZ and Helbing & Lichtenhahn Verlag AG

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    Bibliographic Info

    Article provided by Wiley Blackwell in its journal Kyklos.

    Volume (Year): 42 (1989)
    Issue (Month): 3 ()
    Pages: 319-45

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    Handle: RePEc:bla:kyklos:v:42:y:1989:i:3:p:319-45

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    Cited by:
    1. HOTTE, Louis, 1997. "Natural-Resource Exploitation with Costly Enforcement of Property Rights," Cahiers de recherche 9720, Universite de Montreal, Departement de sciences economiques.
    2. Calbay, Arman, 2006. "Property Rights and Theory of Value," MPRA Paper 25827, University Library of Munich, Germany, revised 31 Jul 2009.
    3. Siegmund, Uwe, 1997. "Warum Privatisierung? Eine Dogmengeschichte der Privatisierungstheorien," Kiel Working Papers 785, Kiel Institute for the World Economy.
    4. Briones, Roehlano M., 2000. "Property Rights Reform in Philippine Agriculture: Framework for Analysis and Review of Recent Experience," Discussion Papers DP 2000-29, Philippine Institute for Development Studies.
    5. Sankhayan, Prem L. & Hofstad, Ole, 2001. "A village-level economic model of land clearing, grazing, and wood harvesting for sub-Saharan Africa: with a case study in southern Senegal," Ecological Economics, Elsevier, vol. 38(3), pages 423-440, September.
    6. Kurt Annen, 2006. "Property Rights Assignment: Conflict and the Implementability of Rules," Economics of Governance, Springer, vol. 7(2), pages 155-166, May.
    7. Banks, Tony, 2003. "Property Rights Reform in Rangeland China: Dilemmas On the Road to the Household Ranch," World Development, Elsevier, vol. 31(12), pages 2129-2142, December.
    8. Argyres, Nicholas S. & Liebeskind, Julia Porter, 1998. "Privatizing the intellectual commons: Universities and the commercialization of biotechnology," Journal of Economic Behavior & Organization, Elsevier, vol. 35(4), pages 427-454, May.
    9. Nugent, Jeffrey B. & Sanchez, Nicholas, 1999. "The local variability of rainfall and tribal institutions: the case of Sudan," Journal of Economic Behavior & Organization, Elsevier, vol. 39(3), pages 263-291, July.
    10. Siegmund, Uwe, 1996. "Are there nationalization-privatization cycles? A theoretical survey and first empirical evidence," Kiel Working Papers 757, Kiel Institute for the World Economy.
    11. Hotte, Louis & Long, Ngo Van & Tian, Huilan, 2000. "International trade with endogenous enforcement of property rights," Journal of Development Economics, Elsevier, vol. 62(1), pages 25-54, June.
    12. Bertacchini, Enrico & Grazzini, Jakob & Vallino. Elena, 2013. "Emergence and Evolution of Property Rights: an Agent Based Perspective," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201340, University of Turin.
    13. Juan-Camilo Cardenas, 2002. "Rethinking local commons dilemmas: Lessons from experimental economics in the field," Artefactual Field Experiments 00020, The Field Experiments Website.
    14. Paul Hallwood, 2003. "Sustaining the Economic Rent of Oceanic Resources: The Case of Marine Protected Areas," Working papers 2003-20, University of Connecticut, Department of Economics.
    15. Joel Kincaid, 2004. "A note on some determinants of property rights in U.S. marine fisheries," Economics Bulletin, AccessEcon, vol. 17(6), pages 1-11.
    16. Max Boisot & Ian MacMillan & Kyeong Han, 2007. "Property rights and information flows: a simulation approach," Journal of Evolutionary Economics, Springer, vol. 17(1), pages 63-93, February.

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