Traditional economic wisdom claims that - while global economic integration is beneficial for economic performance - a country's trade specialization pattern has no impact on its economic performance. In this paper, we seek to cast doubt on this aspect of mainstream economics using a very...

Transaction costs, one often hears, are the economic equivalent of friction in physical systems. Like physicists, economists can sometimes neglect friction in formulating theories; but like engineers, they can never neglect friction in studying how the system actually does let alone should work....

The dissertation explores how distinctive institutional factors related to property rights determine urban development patterns and housing tenure modalities in a developing economy context. The first part proposes a choice-theoretic model that explains the existence of the Antichresis...

This paper presents an econometric approach to the evaluation of environmental regulation using tradable property rights. Existing empirical research on this issue, which compares overall industry efficiency before and after the introduction of new regulations, conflates two distinct phenomena:...

"This paper is one of a series of analyses that represent the first wave of work being performed by IFRI's collaborators. Each author draws upon the training and instrument of the IFRI program to address their particular research questions. Given the early stage of IFRI's implementation, the...

"Access to inshore fisheries in Sierra Leone and their management are discussed in order to provide a basis for improving fisheries management."On the basis of the property rights framework, the state is the de jure owner of the inshore fisheries resources, exploited by the artisanal fishers as...

"Laboratory experiments have generally supported the fundamental theorem that, in classical property rights environments, noncooperative behavior in large group markets yields efficient social outcomes. Experiments, however, regularly fail to support the game theoretic prediction of...

"Many natural resources can be effectively exploited mainly by using capital-intensive technologies. We develop a bargaining model with endogenous inside and outside options to analyze the interactions between local communities having at least some degree of informal claims over natural...

"Technological development in breeding and growing Pacific threadfin (mo`i) in open-ocean cages has opened up the possibility of a new growth industry for Hawai`i. However, two types of challenges must be overcome before this potential could be realized. First, the issues of equity and...

From Page 1:"First, please note that this is a very informal version of an essay called 'Property, Agency, Time, Culture, Spirit', to be published in a UNEP book on 'Human Values and Biodiversity', edited by Darrell Posey, due out in 1998."This paper is called 'What, Who, When, Why...' because...