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A Model of the Origins of Basic Property Rights

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A. Muthoo ()

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Abstract

This paper studies the origins of one of the most basic of property rights, namely, the right of an individual or an organization to the fruits of its labour. My objective is to address the questions of why, when and how this property right can emerge and be made secure. I develop a model of the strategic interaction between two players in the state-of-nature, which is an environment characterized by the absence of any laws and institutions (including property rights and the state). My analyses explores, in particular, the roles of the players’ fighting and productive skills on the emergence and security (or otherwise) of this property right.

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Paper provided by University of Essex, Department of Economics in its series Economics Discussion Papers with number 546.

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Date of creation: 20 Sep 2002
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Handle: RePEc:esx:essedp:546

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  1. Grossman, Herschel I & Kim, Minseong, 1995. "Swords or Plowshares? A Theory of the Security of Claims to Property," Journal of Political Economy, University of Chicago Press, vol. 103(6), pages 1275-88, December. [Downloadable!] (restricted)
  2. Hirshleifer, Jack, 1995. "Anarchy and Its Breakdown," Journal of Political Economy, University of Chicago Press, vol. 103(1), pages 26-52, February. [Downloadable!] (restricted)
  3. Nicolas Marceau & Gordon M. Myers, 2000. "From Foraging to Agriculture," Cahiers de recherche CREFE / CREFE Working Papers 103, CREFE, Université du Québec à Montréal. [Downloadable!]
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  4. repec:fth:simfra:00-7 is not listed on IDEAS
  5. Grossman, Sanford J & Hart, Oliver D, 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August. [Downloadable!] (restricted)
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  6. Esteban, Joan & Ray, Debraj, 1999. "Conflict and Distribution," Journal of Economic Theory, Elsevier, vol. 87(2), pages 379-415, August. [Downloadable!] (restricted)
  7. North, Douglass C, 1991. "Institutions," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 97-112, Winter. [Downloadable!] (restricted)
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  3. Shyh-fang Ueng, 2005. "A theory of efficient coexistence," International Economic Journal, Korean International Economic Association, vol. 19(3), pages 397-416, September. [Downloadable!] (restricted)
  4. Helmut Rainer, 2004. "Gender Discrimination and Effciency in Marriage: the Bargaining Family under Scrutiny," Economics Discussion Papers 586, University of Essex, Department of Economics. [Downloadable!]
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  5. Alberto Battistini, 2006. "The Role of Inter-Group Relationships in Institutional Analysis," Department of Economics University of Siena 487, Department of Economics, University of Siena. [Downloadable!]
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  9. Perroni, Carlo & Scharf, Kimberley, 2003. "Viable Tax Constitutions," The Warwick Economics Research Paper Series (TWERPS) 683, University of Warwick, Department of Economics. [Downloadable!]
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