Existing work on the costs of insecure property has largely focused on the overexploitation problem of common pool resources. We investigate other costs of insecure resources - uncertainty costs, the absence of exchange, and enforcement costs - within a simple general equilibrium setting.
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Paper provided by California Irvine - School of Social Sciences in its series Papers with number
95-96-8.
Find related papers by JEL classification: C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory D30 - Microeconomics - - Distribution - - - General D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
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Helmut Bester & Karl Wärneryd, 2006.
"Conflict and the Social Contract,"
Discussion Papers
94, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
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