Insecure Properties and the Stability of Exchange.

Existing work on the costs of insecure property has largely focused on the overexploitation problem of common pool resources. We investigate other costs of insecure resources - uncertainty costs, the absence of exchange, and enforcement costs - within a simple general equilibrium setting.

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Year of publication:	1996
Authors:	Skaperdas, S. ; Syropoulos, C.
Institutions:	California Irvine - School of Social Sciences
Subject:	GENERAL EQUILIBRIUM \| BARGAINING \| CONTRACTS \| UNCERTAINTY \| GAMES

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Series:	California Irvine - School of Social Sciences.
Type of publication:	Book / Working Paper
Notes:	30 pages
Classification:	C78 - Bargaining Theory; Matching Theory ; D30 - Distribution. General ; D70 - Analysis of Collective Decision-Making. General ; K40 - Legal Procedure, the Legal System, and Illegal Behavior. General ; K42 - Illegal Behavior and the Enforcement of Law
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005486851