IDEAS home Printed from https://ideas.repec.org/a/ags/jlaare/30991.html

Evolving Entitlements: Intervening To Prevent A Collective Harm

Author

Listed:
  • Brookshire, David S.
  • Ganderton, Philip T.
  • McKee, Michael

Abstract

When market transactions generate negative externalities, the injured party may initiate court action to prevent harm or to obtain compensation. The political response, in some cases, has been to broaden the set of agents who can intervene through the court, often by admitting entirely new categories of potential intervenors. We employ an experimental market setting to investigate the effect of an increase in the number of potential intervenors (introduced as admitting an additional class of persons having the necessary standing in law). The results suggest that there will be a substantial increase in the number of actual interventions. The increase means that social resources expended on interventions will increase and there may be a consequent reduction in trading activity in the affected markets.

Suggested Citation

  • Brookshire, David S. & Ganderton, Philip T. & McKee, Michael, 1996. "Evolving Entitlements: Intervening To Prevent A Collective Harm," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(01), pages 1-14, July.
    • Handle: RePEc:ags:jlaare:30991
    DOI: 10.22004/ag.econ.30991
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/30991/files/21010160.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.30991?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Smith, Vernon L, 1982. "Microeconomic Systems as an Experimental Science," American Economic Review, American Economic Association, vol. 72(5), pages 923-955, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Randall Holcombe, 2009. "The behavioral foundations of Austrian economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 22(4), pages 301-313, December.
    2. Rojas, Cristian & Cinner, Joshua, 2020. "Do market and trust contexts spillover into public goods contributions? Evidence from experimental games in Papua New Guinea," Ecological Economics, Elsevier, vol. 174(C).
    3. Christian A. Vossler & Michael McKee, 2017. "Efficient Tax Reporting: The Effects Of Taxpayer Liability Information Services," Economic Inquiry, Western Economic Association International, vol. 55(2), pages 920-940, April.
    4. Samuel D. Bell & Nadia A. Streletskaya, 2019. "The Random Quantity Mechanism: Laboratory and Field Tests of a Novel Cost-Revealing Procurement Mechanism," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(3), pages 899-921, July.
    5. Lange, Andreas & Ross, Johannes, 2024. "Internalizing match-dependent externalities," Journal of Economic Behavior & Organization, Elsevier, vol. 218(C), pages 356-378.
    6. Jason Shachat & Anand Srinivasan, 2022. "Informational Price Cascades and Non-Aggregation of Asymmetric Information in Experimental Asset Markets," Journal of Behavioral Finance, Taylor & Francis Journals, vol. 23(4), pages 388-407, November.
    7. Janie M. Chermak & Kate Krause & David S. Brookshire & H. Stu Burness, 2013. "Moving Forward By Looking Back: Comparing Laboratory Results With Ex Ante Market Data," Economic Inquiry, Western Economic Association International, vol. 51(1), pages 1035-1049, January.
    8. Wheatley, W. Parker & Buhr, Brian L. & Dipietre, Dennis, 2001. "E-Commerce In Agriculture: Development, Strategy, And Market Implications," Staff Papers 13938, University of Minnesota, Department of Applied Economics.
    9. Simon Gächter & Lingbo Huang & Martin Sefton, 2016. "Combining “real effort” with induced effort costs: the ball-catching task," Experimental Economics, Springer;Economic Science Association, vol. 19(4), pages 687-712, December.
    10. Don Coursey, 1987. "Markets and the measurement of value," Public Choice, Springer, vol. 55(3), pages 291-297, October.
    11. Schilirò, Daniele & Graziano, Mario, 2011. "Scelte e razionalità nei modelli economici: un'analisi multidisciplinare [Choices and rationality in economic models: a multidisciplinary analysis]," MPRA Paper 31910, University Library of Munich, Germany.
    12. James C. Cox & Vjollca Sadiraj, 2018. "Incentives," Experimental Economics Center Working Paper Series 2018-01, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University.
    13. Unte, Pia & Kemper, Niels, 2015. "Culture and the formation of gender-specific skills in an agrarian society," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113002, Verein für Socialpolitik / German Economic Association.
    14. Menkhaus, Dale J. & Bastian, Christopher T. & Yakunina, Alla V. & Esipov, Victor E., 1997. "Helping Russian Students See the Invisible Hand," 1997 Annual Meeting, July 13-16, 1997, Reno\ Sparks, Nevada 35755, Western Agricultural Economics Association.
    15. Christopher M. Anderson & Daniel S. Holland, 2006. "Auctions for Initial Sale of Annual Catch Entitlement," Land Economics, University of Wisconsin Press, vol. 82(3), pages 333-352.
    16. Bertocco Giancarlo & Fanelli Luca & Paruolo Paolo, 2002. "On the determinants of inflation in Italy: evidence of cost-push effects before the European Monetary Union," Economics and Quantitative Methods qf0223, Department of Economics, University of Insubria.
    17. Yoichi Hizen & Kengo Kurosaka, 2021. "Monetary Costs Versus Opportunity Costs in a Voting Experiment," Working Papers SDES-2021-1, Kochi University of Technology, School of Economics and Management, revised Feb 2021.
    18. Sjur Didrik Flåm, 2013. "Reaching Market Equilibrium Merely by Bilateral Barters," CESifo Working Paper Series 4504, CESifo.
    19. Beáta Mikušová Meričková & Jan Stejskal, 2014. "Hodnota statku kolektivní spotřeby [Value of Collective Consumption Goods]," Politická ekonomie, Prague University of Economics and Business, vol. 2014(2), pages 216-231.
    20. Daniel Rondeau & Christian A. Vossler, 2024. "Incentive compatibility and respondent beliefs: Consequentiality and game form," Working Papers 2024-02, University of Tennessee, Department of Economics.

    More about this item

    Keywords

    ;

    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:ags:jlaare:30991. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/waeaaea.html .

    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.