IDEAS home Printed from https://ideas.repec.org/p/sur/surrec/0109.html
   My bibliography  Save this paper

Conflict, Growth and Welfare: Can Increasing Property Rights Really be Counterproductive?

Author

Listed:
  • Aynur Alptekin

    (University of Surrey)

  • Paul Levine

    (University of Surrey)

Abstract

Gonzalez (2007), JET, 137(1), 127-139, sets out a growth model with con- flict in which households allocate their resources across consumption, and investment in both productive and unproductive capital. A striking result is obtained: there are circumstances where increasing property rights in society can actually reduce social welfare and hence incremental changes are not nec- essarily in peoples’ interests. This note reassesses this claim in a generalized form of his model with a CRRA utility function (with a risk aversion param- eter, sigma > 1 rather than his logarithmic form) and we assume a less than full depreciation of capital. Both these generalizations prove to be critical ones that significantly change the result.

Suggested Citation

  • Aynur Alptekin & Paul Levine, 2009. "Conflict, Growth and Welfare: Can Increasing Property Rights Really be Counterproductive?," School of Economics Discussion Papers 0109, School of Economics, University of Surrey.
  • Handle: RePEc:sur:surrec:0109
    as

    Download full text from publisher

    File URL: https://repec.som.surrey.ac.uk/2009/DP01-09.pdf
    Download Restriction: no

    More about this item

    Keywords

    Conflict; growth; property rights; welfare.;

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

    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:sur:surrec:0109. 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: (Ioannis Lazopoulos). General contact details of provider: http://edirc.repec.org/data/desuruk.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.

    We have no references for this item. You can help adding them by using 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.