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The Evolution of Property Rights

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  • Field, Barry C

Abstract

A model of the "optimal commons" shows how property tenures result from the interaction of transactions costs among those people using a resource in common and the costs of excluding noncommoners. The model shows that, under some circumstances, demographic and economic growth will induce a change toward individual property, while under other circumstances, growth can lead toward common property. Empirical examples of these shifts are discussed. Collective governance institutions are critical to the process; in fact, changes in governance institutions can lead to property rights changes in the absence of changes in underlying economic factors. Copyright 1989 by WWZ and Helbing & Lichtenhahn Verlag AG

Suggested Citation

  • Field, Barry C, 1989. "The Evolution of Property Rights," Kyklos, Wiley Blackwell, vol. 42(3), pages 319-345.
  • Handle: RePEc:bla:kyklos:v:42:y:1989:i:3:p:319-45
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    Cited by:

    1. Louis Hotte, 2005. "Natural-resource exploitation with costly enforcement of property rights," Oxford Economic Papers, Oxford University Press, vol. 57(3), pages 497-521, July.
    2. Briones, Roehlano M., 2000. "Property Rights Reform in Philippine Agriculture: Framework for Analysis and Review of Recent Experience," Discussion Papers DP 2000-29, Philippine Institute for Development Studies.
    3. van Griethuysen, Pascal, 2012. "Bona diagnosis, bona curatio: How property economics clarifies the degrowth debate," Ecological Economics, Elsevier, vol. 84(C), pages 262-269.
    4. Juan-Camilo Cardenas, 2002. "Rethinking local commons dilemmas: Lessons from experimental economics in the field," Artefactual Field Experiments 00020, The Field Experiments Website.
    5. Hotte, Louis & Long, Ngo Van & Tian, Huilan, 2000. "International trade with endogenous enforcement of property rights," Journal of Development Economics, Elsevier, vol. 62(1), pages 25-54, June.
    6. Lueck, Dean & Miceli, Thomas J., 2007. "Property Law," Handbook of Law and Economics, Elsevier.
      • Dean Lueck & Thomas J. Miceli, 2004. "Property Law," Working papers 2004-04, University of Connecticut, Department of Economics.
    7. Joel Kincaid, 2004. "A note on some determinants of property rights in U.S. marine fisheries," Economics Bulletin, AccessEcon, vol. 17(6), pages 1-11.
    8. Siegmund, Uwe, 1996. "Are there nationalization-privatization cycles? A theoretical survey and first empirical evidence," Kiel Working Papers 757, Kiel Institute for the World Economy (IfW).
    9. Banks, Tony, 2003. "Property Rights Reform in Rangeland China: Dilemmas On the Road to the Household Ranch," World Development, Elsevier, vol. 31(12), pages 2129-2142, December.
    10. Kurt Annen, 2006. "Property Rights Assignment: Conflict and the Implementability of Rules," Economics of Governance, Springer, vol. 7(2), pages 155-166, May.
    11. Paul Hallwood, 2003. "Sustaining the Economic Rent of Oceanic Resources: The Case of Marine Protected Areas," Working papers 2003-20, University of Connecticut, Department of Economics.
    12. Argyres, Nicholas S. & Liebeskind, Julia Porter, 1998. "Privatizing the intellectual commons: Universities and the commercialization of biotechnology," Journal of Economic Behavior & Organization, Elsevier, vol. 35(4), pages 427-454, May.
    13. Peña, Ximena & Vélez, María Alejandra & Cárdenas, Juan Camilo & Perdomo, Natalia & Matajira, Camilo, 2017. "Collective Property Leads to Household Investments: Lessons From Land Titling in Afro-Colombian Communities," World Development, Elsevier, vol. 97(C), pages 27-48.
    14. Calbay, Arman, 2006. "Property Rights and Theory of Value," MPRA Paper 25827, University Library of Munich, Germany, revised 31 Jul 2009.
    15. Nugent, Jeffrey B. & Sanchez, Nicholas, 1999. "The local variability of rainfall and tribal institutions: the case of Sudan," Journal of Economic Behavior & Organization, Elsevier, vol. 39(3), pages 263-291, July.
    16. Bertacchini, Enrico & Grazzini, Jakob & Vallino, Elena, 2013. "Emergence and Evolution of Property Rights: an Agent Based Perspective," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201340, University of Turin.
    17. Sankhayan, Prem L. & Hofstad, Ole, 2001. "A village-level economic model of land clearing, grazing, and wood harvesting for sub-Saharan Africa: with a case study in southern Senegal," Ecological Economics, Elsevier, vol. 38(3), pages 423-440, September.
    18. Siegmund, Uwe, 1997. "Warum Privatisierung? Eine Dogmengeschichte der Privatisierungstheorien," Kiel Working Papers 785, Kiel Institute for the World Economy (IfW).
    19. Max Boisot & Ian MacMillan & Kyeong Han, 2007. "Property rights and information flows: a simulation approach," Journal of Evolutionary Economics, Springer, vol. 17(1), pages 63-93, February.

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