IDEAS home Printed from https://ideas.repec.org/p/geo/guwopa/gueconwpa~22-22-06.html
   My bibliography  Save this paper

Status Quo Property Protection in Politico-Legal Systems

Author

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

Suggested Citation

  • Roger Lagunoff, 2022. "Status Quo Property Protection in Politico-Legal Systems," Working Papers gueconwpa~22-22-06, Georgetown University, Department of Economics.
    • Handle: RePEc:geo:guwopa:gueconwpa~22-22-06
    as

    Download full text from publisher

    File URL: https://drive.google.com/file/d/1AStLJQnGKr-Ggg_pk5ttLaXX9MEW8w1d/view
    File Function: Full text
    Download Restriction: None
    ---><---

    More about this item

    Keywords

    Dynamic Status Quo Protections; Politico-legal system; Veto Set; Systemic protection;
    All these keywords.

    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • 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
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:geo:guwopa:gueconwpa~22-22-06. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marcia Suss (email available below). General contact details of provider: http://econ.georgetown.edu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.