Property rights are the most fundamental institution in any society. They determine who has decision-making authority … over assets and who bears the costs and benefits of those decisions. They assign ownership, wealth, political influence … historians have long recognized the importance of secure property rights for economic outcomes. Other political economy …

We derive a measure that captures the extent to which overlapping ownership structures shift managers' incentives to … ownership overlap, including mergers in the asset management industry and the growth of indexing, could in fact diminish … possibility that the growth of common ownership has had a significant impact on managerial incentives.Institutional subscribers to …

Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain … the role of prices under socialism and capitalism and ignored the enormous importance of ownership as the source of … addressed through government contacting and regulation without resort to government ownership. The case for private provision …

cooperation. We show that a judicious allocation of asset ownership can help by reducing the incentives to engage in hold up. In …

armed actors' property rights over stealing from that economy are secure. By 2009, armed actors taxed, administered, and … violently expropriating the same villages. The findings suggest that the security of property rights over stealing, hence the …

phenomenon. We test whether rates of exit from the hospital industry differ significantly across the different forms of ownership … religiously affiliated nonprofit hospitals, while secular nonprofits are distinctly the least responsive of the four ownership …

information by taking advantage of their own networks. The link between related investing and the concentration of ownership in …

We explore the implications of ownership concentration for the recently-concluded incentive auction that re …-purposed spectrum from broadcast TV to mobile broadband usage in the U.S. We document significant multi-license ownership of TV stations …

, the presence of a main bank has been weakened, the ownership of institutional investors has dramatically increased, and …