search query: @indexterm PROPERTY RIGHTS / total: 78
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| Author: | Polishchuk, L. Savvateev, A. |
| Title: | Spontaneous (non)emergence of property rights |
| Journal: | Economics of transition
2004 : MAR, VOL. 12:1, p. 103-127 |
| Index terms: | Private sector Civil rights Property rights Russia Models |
| Language: | eng |
| Abstract: | This paper analyses preferences of private owners over the degree of property rights protection. It is shown that inequality in resource ownership and/or relative inefficiency of production technologies could make wealthier agents favour less than full protection of property rights. If such agents control the choice of a property rights regime, fully secured property rights will not emerge from the grassroots. This conclusion is consistent with the failure to create an efficient property rights system in Russia. |
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