We develop an organizational governance model with a single buyer and endogenous upstream entry. Investments and control rights over assets and actions are immediately contractable; production is contractable after uncertainty resolves. We show the following: Supplier competition eliminates...

We estimate the impact of infrastructure investment on conflict using 163 hydroelectric dams in Brazil (2002–2022). Leveraging the staggered rollout of construction in a difference-in-differences framework, we find that dams trigger sharp, temporary surges in land invasions, water disputes,...

The arbitrary sanctioning of Russia by Europe and the United States in the context of the Russia-Ukraine war does not correspond to the definition of property rights as an aspect of juridical rights, and nor does the definition of proprietary rights or property rights in political economy accord...

This study investigates the impact of land formalization projects on women's tenure security in Pangani Ward, Coastal Region, Tanzania, while also considering the broader global implications for women's land rights. Despite progressive legislation that guarantees equal land rights for women,...

Many countries in the Americas impose restrictions on Indigenous land transactions to preserve Indigenous ownership, but these policies may inhibit economic growth. This paper evaluates the impact of Chiles 1993 Indigenous Law, which restricts the transfer, lease, and mortgaging of land in...

Over a quarter of the world’s population lives in countries that have undertaken transitions from central planning to some form of market-based coordination. These transitions entail far-reaching and complex economic and institutional changes and have had widely divergent trajectories....

Expanding women's property rights has become a central objective of development policy aimed at reducing gender inequality in Africa. With this goal in mind, a randomized controlled trial in western Uganda offered subsidized land titles to agricultural households along with incentives to title...

Scientific research and technological innovation are driving modern economies; however, a new form of property rights is required to compensate knowledge workers for their contributions. In 1994, the Science and Technology Bureau of Shenzhen, China implemented a policy to encourage scientists...

The role of government in promoting property rights has been acknowledged in the literature. This study investigates the impact of property rights peace, and consequently the impact of peace and property rights on economic growth, utilizing the system Generalized Method of Moments technique on...

We synthesize research on conflict as a fundamental economic phenomenon, arguing that the implications of the "dark side of self-interest" have received insufficient attention in economics. We define conflict as interactions where parties choose costly inputs that are adversarially combined...

In 2020 the Federal Communications Commission (FCC) revisited a spectrum allocation decision it made in 1999. The Agency found that frequencies set aside for specific technologies used by vehicles - Intelligent Transportation Services (ITS) - had been left largely unused. It crafted new rules,...

This Brief examines the challenges in implementing laws protecting women's land rights in Sub-Saharan Africa. While some progress has been made in enacting legal protections, remaining discriminatory legislation, weak enforcement mechanisms, and conflicting rules and norms, notably, those...

Since China's implementation of the reform and opening-up policy in 1978, Inner Mongolia's pastoral areas have faced challenges such as population outflow, aging, and the emptying of villages. To address these issues, the Inner Mongolia Autonomous Region government promoted the "Collective...

Direct evidence on variations in work incentives across different property rights systems remains scarce. This paper examines absenteeism among individuals employed in worker cooperatives - firms that are ultimately controlled by their workforce. By leveraging employment data matched with sick...

This study empirically applies de Soto's representative property system to Colonial Korea, based on the theoretical approach of Han's 2020 work. The number of property registrations increased drastically after the completion of the Land Survey Project in 1918, along with the mortgage count and...

Given the inevitability of both market economy and distribution according to work, a socialist market economy becomes inevitable. Consequently, socialist public ownership exhibits a series of significant differences from public ownership in the advanced stage of communism, and correspondingly,...

Even if various factors unfavorable to the growth of capitalist economies are set aside, the average annual rates of economic growth in capitalist countries such as the United States, the United Kingdom, Japan, and India have historically been significantly lower than those in socialist...

This paper empirically studies whether CEO green experience has an impact on corporate green investment and underlying mechanism based on the data of A-share listed companies from 2008 to 2021. The main conclusions of this study are as follows: (1) The firms hiring CEOs with green background,are...

Using Global Entrepreneurship Monitor and World Bank data, we produce a novel estimation for the prevalence of informal entrepreneurship in 60 countries in the period 2006- 2022. Using a real option framework, we test the effect of business regulation, property rights protection, and the rule of...