haku: @author Thomas, W. / yhteensä: 6
viite: 5 / 6
Tekijä: | Thomas, W. |
Otsikko: | The enclosure of a common property resource: private and group ownership in equilibrium |
Lehti: | Journal of Institutional and Theoretical Economics
1995 : DEC, VOL. 151:4, p. 631-657 |
Asiasana: | ECONOMICS PROPERTY GROUPS |
Kieli: | eng |
Tiivistelmä: | Group ownership excludes outsiders from a common property resource without solving the cooperation problem of insiders. Group ownership competes with private property rights for the use of a large number of sites. If protection of property rights is a privately produced service, the process of enclosure has multiple equilibria. At saddle points, only a fraction of all sites is transformed into private property. However, if a central protection organization is viable, it will displace group ownership entirely. |
SCIMA