IDEAS home Printed from https://ideas.repec.org/p/uto/dipeco/201340.html
   My bibliography  Save this paper

Emergence and Evolution of Property Rights: an Agent Based Perspective

Author

Listed:

Abstract

In this paper we provide a critical assessment on how agent based models (ABMs) may improve and extend the traditional theoretical approaches on the origin and evolution of property rights, namely the economics of property rights and the evolutionary game models on contest behavior. We contend that ABMs, through their focus on adaptive complex systems, integrate and foster the analytical capacity of traditional approaches in several directions. First, they can add behavioral rules which go beyond simple utility maximization, such as those deriving from cultural traits. Second, they not only allow indentyfing stationary outcomes, but also the timing of evolutionary patterns. Third, ABMs highlight how the structure of interactions among agents will influence the outcome.

Suggested Citation

  • 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.
    • Handle: RePEc:uto:dipeco:201340
    as

    Download full text from publisher

    File URL: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2013dip/wp_40_2013.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Felix Flentge & Daniel Polani & Thomas Uthmann, 2001. "Modelling the Emergence of Possession Norms Using Memes," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 4(4), pages 1-3.
    2. Lueck, Dean, 1994. "Common property as an egalitarian share contract," Journal of Economic Behavior & Organization, Elsevier, vol. 25(1), pages 93-108, September.
    3. Janssen, Marco A., 2007. "Coordination in irrigation systems: An analysis of the Lansing-Kremer model of Bali," Agricultural Systems, Elsevier, vol. 93(1-3), pages 170-190, March.
    4. Field, Barry C, 1989. "The Evolution of Property Rights," Kyklos, Wiley Blackwell, vol. 42(3), pages 319-345.
    5. Libecap,Gary D., 1994. "Contracting for Property Rights," Cambridge Books, Cambridge University Press, number 9780521449045.
    6. Gintis, Herbert, 2007. "The evolution of private property," Journal of Economic Behavior & Organization, Elsevier, vol. 64(1), pages 1-16, September.
    7. Flaminio Squazzoni, 2010. "The impact of agent-based models in the social sciences after 15 years of incursions," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 18(2), pages 197-234.
    8. Olivier Thebaud & Bruno Locatelli, 2001. "Modelling the Emergence of Resource-Sharing Conventions: an Agent-Based Approach," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 4(2), pages 1-3.
    9. Levmore, Saul, 2002. "Two Stories about the Evolution of Property Rights," The Journal of Legal Studies, University of Chicago Press, vol. 31(2), pages 421-451, June.
    10. Allen, Douglas W, 2002. "The Rhino's Horn: Incomplete Property Rights and the Optimal Value of an Asset," The Journal of Legal Studies, University of Chicago Press, vol. 31(2), pages 339-358, June.
    11. Joshua M. Epstein & Robert L. Axtell, 1996. "Growing Artificial Societies: Social Science from the Bottom Up," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262550253, December.
    12. Wander Jager & Marco A. Janssen, 2002. "Stimulating diffusion of green products," Journal of Evolutionary Economics, Springer, vol. 12(3), pages 283-306.
    13. Clay, Karen & Wright, Gavin, 2005. "Order without law? Property rights during the California gold rush," Explorations in Economic History, Elsevier, vol. 42(2), pages 155-183, April.
    14. Scott Moss, 2001. "Game Theory: Limitations and an Alternative," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 4(2), pages 1-2.
    15. Robert Sugden, 2005. "Spontaneous Order," Palgrave Macmillan Books, in: The Economics of Rights, Co-operation and Welfare, chapter 1, pages 1-9, Palgrave Macmillan.
    16. Samuel Bowles, 2003. "The First Property Rights Revolution," Theory workshop papers 505798000000000091, UCLA Department of Economics.
    17. Anderson, C. Leigh & Swimmer, Eugene, 1997. "Some empirical evidence on property rights of first peoples," Journal of Economic Behavior & Organization, Elsevier, vol. 33(1), pages 1-22, May.
    18. Matthew J. Baker, 2003. "An Equilibrium Conflict Model of Land Tenure in Hunter-Gatherer Societies," Journal of Political Economy, University of Chicago Press, vol. 111(1), pages 124-173, February.
    19. Catherine Hafer, 2006. "On the Origins of Property Rights: Conflict and Productionin the State of Nature," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 73(1), pages 119-143.
    20. Peter Deadman & Edella Schlager & Randy Gimblett, 2000. "Simulating Common Pool Resource Management Experiments with Adaptive Agents Employing Alternate Communication Routines," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 3(2), pages 1-2.
    21. Hare, M & Deadman, P, 2004. "Further towards a taxonomy of agent-based simulation models in environmental management," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 64(1), pages 25-40.
    22. Anderson, Terry L & Hill, Peter J, 1975. "The Evolution of Property Rights: A Study of the American West," Journal of Law and Economics, University of Chicago Press, vol. 18(1), pages 163-179, April.
    23. Furubotn, Eirik G & Pejovich, Svetozar, 1972. "Property Rights and Economic Theory: A Survey of Recent Literature," Journal of Economic Literature, American Economic Association, vol. 10(4), pages 1137-1162, December.
    24. Smith, Henry E, 2002. "Exclusion versus Governance: Two Strategies for Delineating Property Rights," The Journal of Legal Studies, University of Chicago Press, vol. 31(2), pages 453-487, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Harris,Colin & Cai,Meina & Murtazashvili,Ilia & Murtazashvili,Jennifer Brick, 2020. "The Origins and Consequences of Property Rights," Cambridge Books, Cambridge University Press, number 9781108969055.
    2. Coronese, Matteo & Occelli, Martina & Lamperti, Francesco & Roventini, Andrea, 2023. "AgriLOVE: Agriculture, land-use and technical change in an evolutionary, agent-based model," Ecological Economics, Elsevier, vol. 208(C).
    3. Lueck, Dean & Miceli, Thomas J., 2007. "Property Law," Handbook of Law and Economics, in: A. Mitchell Polinsky & Steven Shavell (ed.), Handbook of Law and Economics, edition 1, volume 1, chapter 3, pages 183-257, Elsevier.
      • Dean Lueck & Thomas J. Miceli, 2004. "Property Law," Working papers 2004-04, University of Connecticut, Department of Economics.
    4. Vallino, Elena, 2013. "The tragedy of the park: an agent-based model on endogenous and exogenous institutions for the management of a forest," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201316, University of Turin.
    5. Dirk Helbing & Anders Johansson, 2010. "Cooperation, Norms, and Revolutions: A Unified Game-Theoretical Approach," PLOS ONE, Public Library of Science, vol. 5(10), pages 1-15, October.
    6. Lee J. Alston & Edwyna Harris & Bernardo Mueller, 2009. "De Facto and De Jure Property Rights: Land Settlement and Land Conflict on the Australian, Brazilian and U.S. Frontiers," NBER Working Papers 15264, National Bureau of Economic Research, Inc.
    7. John Boyce & David Bruner, 2012. "Property rights out of anarchy? The Demsetz hypothesis in a game of conflict," Economics of Governance, Springer, vol. 13(2), pages 95-120, June.
    8. Stefano Balbi & Carlo Giupponi, 2009. "Reviewing agent-based modelling of socio-ecosystems: a methodology for the analysis of climate change adaptation and sustainability," Working Papers 2009_15, Department of Economics, University of Venice "Ca' Foscari".
    9. Jongwook Kim & Joseph T. Mahoney, 2002. "Resource-based and property rights perspectives on value creation: the case of oil field unitization," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 23(4-5), pages 225-245.
    10. Thomas Vendryes, 2014. "Peasants Against Private Property Rights: A Review Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 28(5), pages 971-995, December.
    11. Matthew J. Baker & Joyce P. Jacobsen, 2007. "A Human Capital-Based Theory of Postmarital Residence Rules," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 23(1), pages 208-241, April.
    12. Ilia Murtazashvili & Jennifer Murtazashvili, 2015. "Anarchy, self-governance, and legal titling," Public Choice, Springer, vol. 162(3), pages 287-305, March.
    13. Kurt Annen, 2006. "Property Rights Assignment: Conflict and the Implementability of Rules," Economics of Governance, Springer, vol. 7(2), pages 155-166, May.
    14. Tamotsu Onozaki, 2018. "Nonlinearity, Bounded Rationality, and Heterogeneity," Springer Books, Springer, number 978-4-431-54971-0, November.
    15. Kimbrough, Erik O. & Wilson, Bart J., 2013. "Insiders, outsiders, and the adaptability of informal rules to ecological shocks," Ecological Economics, Elsevier, vol. 90(C), pages 29-40.
    16. Flaminio Squazzoni, 2010. "The impact of agent-based models in the social sciences after 15 years of incursions," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 18(2), pages 197-234.
    17. J. Amegashie, 2011. "Incomplete property rights and overinvestment," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 37(1), pages 81-95, June.
    18. Jordan Adamson & Erik O Kimbrough, 2023. "The supply side determinants of territory," Journal of Peace Research, Peace Research Institute Oslo, vol. 60(2), pages 209-225, March.
    19. Albert Faber & Koen Frenken, 2008. "Models in evolutionary economics and environmental policy: Towards an evolutionary environmental economics," Innovation Studies Utrecht (ISU) working paper series 08-15, Utrecht University, Department of Innovation Studies, revised Apr 2008.
    20. 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.

    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:uto:dipeco:201340. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Piero Cavaleri or Marina Grazioli (email available below). General contact details of provider: https://edirc.repec.org/data/detorit.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.