Besley, Timothy; Ghatak, Maitreesh - 2009
looked after if someone owned it or pro�ted
from it than if it were treated as common (Robbins, 2000 p. 18).
4Changes in … this link between prop-
erty rights and economic e� ciency is Hernando de Soto (2000, 2001) who
calls this the problem of … produce usable en-
ergy, assets need a formal property system to produce signi�cant
surplus value.�de Soto (2000), p. 48 …