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The State’s Enforcement Monopoly and the Private Protection of Property
Grechenig, Kristoffel - 2014
The modern state has monopolized the legitimate use of force. This concept is twofold. First, the state is empowered with enforcement rights; second, the rights of the individuals are (partly) restricted. In a simple model of property rights with appropriation and defense activity, we show that...
Persistent link: https://www.econbiz.de/10013067251
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The state's enforcement monopoly and the private protection of property
Grechenig, Kristoffel; Kolmar, Martin - 2011
The modern state has monopolized the legitimate use of force. This concept is twofold. First, the state is empowered with enforcement rights; second, the rights of the individuals are (partly) restricted. In a simple model of property rights with appropriation and defense activity, we show that...
Persistent link: https://www.econbiz.de/10009306818
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The state's enforcement monopoly and the private protection of property
Grechenig, Kristoffel; Kolmar, Martin - 2011
The modern state has monopolized the legitimate use of force. This concept is twofold. First, the state is empowered with enforcement rights; second, the rights of the individuals are (partly) restricted. In a simple model of property rights with appropriation and defense activity, we show that...
Persistent link: https://www.econbiz.de/10009312554
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The state's enforcement monopoly and the private protection of property
Grechenig, Kristoffel; Kolmar, Martin - 2011
The modern state has monopolized the legitimate use of force. This concept is twofold. First, the state is empowered with enforcement rights; second, the rights of the individuals are (partly) restricted. In a simple model of property rights with appropriation and defense activity, we show that...
Persistent link: https://www.econbiz.de/10010286713
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Sovereign Commitment and Property Rights : The Case of Ukraine's Orange Revolution
Markus, Stanislav - 2018
Conventional wisdom in new institutional economics suggests that property rights become more secure following sovereign commitment. The article tests this axiom in the crucial case of the 2004 Orange Revolution in Ukraine. I show that despite the wide-ranging constraints imposed after the...
Persistent link: https://www.econbiz.de/10012937059
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Property, Predation, and Informal Governance
Markus, Stanislav - 2018
Successful governance implies that organizations, networks, or practices create public or club goods by constraining behavior, sharing information, or providing resources. While effective governance may require a functional state, compelling studies have theorized informal governance without...
Persistent link: https://www.econbiz.de/10012909589
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Non-Fungible Tokens : Art and Crime in a Virtual World
Hufnagel, Saskia; King, Colin - 2023
for criminals, in particular for financial crime.NFTs have attracted a mixed reception: for example, in the UK the Law … others. While there has been significant discussion on cryptocurrencies and crime, much less is said about NFTs and crime … are commerce-related. However, as with many technological advancements, the potential for crime is not far away, thus it …
Persistent link: https://www.econbiz.de/10014253926
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The Case for Imperfect Enforcement of Property Rights
Bell, Abraham; Parchomovsky, Gideon - 2012
A persistent theme in the literature on property rights suggests that perfect state protection of private property rights would provide owners with an optimal incentive to invest in their assets. In this Essay, we challenge this view. Specifically, we argue that in many instances, perfect state...
Persistent link: https://www.econbiz.de/10014173816
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The State’s Enforcement Monopoly and the Private Protection of Property
Grechenig, Christoffel; Kolmar, Martin - Max-Planck-Institut zur Erforschung von … - 2011
The modern state has monopolized the legitimate use of force. This concept is twofold. First, the state is empowered with enforcement rights; second, the rights of the individuals are (partly) restricted. In a simple model of property rights with appropriation and defense activity, we show that...
Persistent link: https://www.econbiz.de/10009418471
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Corporate Governance as Political Insurance : Firm-Level Institutional Creation in Emerging Markets and Beyond
Markus, Stanislav - 2018
What do we know about the politics of corporate governance in emerging markets? While the state-level institutions have been amply explored, firm-level dynamics remain under-theorized. Complementing the orthodox emphasis on external finance as causal force behind the adoption of “minority...
Persistent link: https://www.econbiz.de/10014040180