IDEAS home Printed from https://ideas.repec.org/a/ris/actuec/v70y1994i2p177-189.html
   My bibliography  Save this article

Protection décentralisée des droits de propriété, police et justice

Author

Listed:
  • Lasserre, Pierre

    (Département des sciences économiques, Université du Québec à Montréal)

Abstract

Neoclassical economists often praise the market as an institution allowing efficient, decentralized, decision making. In their analyses, which lead to the theorems of welfare, the cost of such institutions that allow markets to operate is usually ignored. One major such institution is the existence of well established property rights permitting exchanges to be carried out on the basis of mutual consent. Such rights are costly to establish and enforce. Recently, it was shown that decentralized enforcement is not generally desirable for society. This paper shows that such a form of organization is socially optimal if private enforcement activities are carried out within adequate police and justice institutions. Les économistes néo-classiques défendent souvent le marché comme une institution permettant des décisions décentralisées efficaces. Dans leur analyse, qui aboutit aux théorèmes du bien-être, ils ignorent en général le coût des institutions qui permettent le fonctionnement des marchés. L’une des plus importantes de ces institutions est l’existence de droits de propriétés bien établis permettant l’échange sur la base du consentement mutuel. Or de tels droits de propriétés sont coûteux à établir et à protéger. Récemment, il a été souligné que la décentralisation des activités de protection est socialement sous-optimale en général. Cet article montre qu’une telle forme d’organisation est socialement optimale si les activités privées de protection s’effectuent dans le cadre d’institutions de police et de justice appropriées.

Suggested Citation

  • Lasserre, Pierre, 1994. "Protection décentralisée des droits de propriété, police et justice," L'Actualité Economique, Société Canadienne de Science Economique, vol. 70(2), pages 177-189, juin.
  • Handle: RePEc:ris:actuec:v:70:y:1994:i:2:p:177-189
    as

    Download full text from publisher

    File URL: http://id.erudit.org/iderudit/602140ar
    Download Restriction: no

    References listed on IDEAS

    as
    1. Oates, Wallace E, 1983. "The Regulation of Externalities: Efficient Behavior by Sources and Victims," Public Finance = Finances publiques, , vol. 38(3), pages 362-375.
    2. Wendy Naysnerski & Tom Tietenberg, 1992. "Private Enforcement of Federal Environmental Law," Land Economics, University of Wisconsin Press, vol. 68(1), pages 28-48.
    3. de Meza, David & Gould, J R, 1992. "The Social Efficiency of Private Decisions to Enforce Property Rights," Journal of Political Economy, University of Chicago Press, vol. 100(3), pages 561-580, June.
    4. Shibata, Hirofumi & Winrich, J Steven, 1983. "Control of Pollution when the Offended Defend Themselves," Economica, London School of Economics and Political Science, vol. 50(200), pages 425-437, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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. Lasserre, Pierre, 1994. "La Genèse, les coûts de transaction et l’économie de l’environnement," L'Actualité Economique, Société Canadienne de Science Economique, vol. 70(4), pages 383-397, décembre.
    3. Pierre Lasserre & Antoine Soubeyran, 1999. "Optimal Justice in a General Equilibrium Model with Non Observable Individual Productivities," CIRANO Working Papers 99s-37, CIRANO.
    4. 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.

    More about this item

    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:ris:actuec:v:70:y:1994:i:2:p:177-189. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bruce Shearer). General contact details of provider: http://edirc.repec.org/data/scseeea.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.