Insecure Properties and the Stability of Exchange
Existing work on the costs of insecure property has largely focused on the overexploitation problem of common pool resources. We investigate other costs of insecure resources - uncertainty costs, the absence of exchange, and enforcement costs - within a simple general equilibrium setting.
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|Date of creation:||1996|
|Contact details of provider:|| Postal: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.|