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Anarchy, Uncertainty, And The Emergence Of Property Rights

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  • KARL WÄRNERYD

Abstract

This paper investigates whether Lockean first claimer property rights should be expected to emerge in anarchy. Individuals behind a veil of uncertainty about their future wealth decide independently whether to commit to using fcrce. Neither the contractarian hypothesis that a thicker veil of uncertainty supports more co‐operation nor Demsetz's hypothesis that well‐defined property rights emerge as the value of the externality from not having private property increases is unambiguously implied by the model.

Suggested Citation

  • Karl Wärneryd, 1993. "Anarchy, Uncertainty, And The Emergence Of Property Rights," Economics and Politics, Wiley Blackwell, vol. 5(1), pages 1-14, March.
  • Handle: RePEc:bla:ecopol:v:5:y:1993:i:1:p:1-14
    DOI: 10.1111/j.1468-0343.1993.tb00063.x
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    Cited by:

    1. Hillman, Arye L. & Ursprung, Heinrich W., 2000. "Political culture and economic decline," European Journal of Political Economy, Elsevier, vol. 16(2), pages 189-213, June.
    2. Niclas Berggren, 2012. "The Calculus of Consent: some Swedish connections," Public Choice, Springer, vol. 152(3), pages 313-321, September.
    3. María Cubel & Santiago Sanchez-Pages, 2020. "Property Out of Conflict: A Survey and Some New Results," Revue d'économie politique, Dalloz, vol. 130(6), pages 891-927.
    4. Martin Kolmar, 2008. "Perfectly Secure Property Rights and Production Inefficiencies in Tullock Contests," Southern Economic Journal, John Wiley & Sons, vol. 75(2), pages 441-456, August.
    5. Benjamin Powell & Edward Stringham, 2009. "Public choice and the economic analysis of anarchy: a survey," Public Choice, Springer, vol. 140(3), pages 503-538, September.
    6. Alex Coram, 2006. "An asymmetric dynamic struggle between pirates and producers," UMASS Amherst Economics Working Papers 2006-07, University of Massachusetts Amherst, Department of Economics.
    7. Talbot Coram, Bruce, 1995. "Markets for protection and predatory behaviour in a Nozickean state of nature," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 39(3), pages 437-440.
    8. Kai Konrad & Stergios Skaperdas, 2012. "The market for protection and the origin of the state," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 50(2), pages 417-443, June.
    9. Bos, Dieter & Kolmar, Martin, 2003. "Anarchy, efficiency, and redistribution," Journal of Public Economics, Elsevier, vol. 87(11), pages 2431-2457, October.
    10. Arce M., Daniel G. & Sandler, Todd, 2001. "Transnational public goods: strategies and institutions," European Journal of Political Economy, Elsevier, vol. 17(3), pages 493-516, September.

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