Journal article
On the effects of insecure property
The Canadian journal of economics, v 29(2), pp S622-S626
01 Apr 1996
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
In Eastern Europe the ownership of many assets critical to the functioning of the economy is unclear or insecure. In varying degrees, both developing and industrialized countries have resources with ill-defined or insecure property rights. Although it is known that insecure property rights harm economic activity, extant economic theory provides little guidance in making a coherent assessment of the problem, largely because the competitive paradigm of economics assumes the property rights of individuals over resources are completely specified and enforced. Harmful effects of insecure property are identified within a simple general equilibrium framework in which there exists a productive resource that no agent possesses securely. Focus is placed on the effects of distributional conflict over this contestable resource.
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Details
- Title
- On the effects of insecure property
- Creators
- Stergios SkaperdasConstantinos Syropoulos
- Publication Details
- The Canadian journal of economics, v 29(2), pp S622-S626
- Publisher
- Blackwell Publishing Ltd
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:A1996UU04400054
- Scopus ID
- 2-s2.0-20544447797
- Other Identifier
- 991021807101304721
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- Collaboration types
- Domestic collaboration
- Web of Science research areas
- Economics