Abstract
Develops a theory of the origin of property rights by specifying the necessary conditions for them to emerge: The underlying good must be scarce, prospective right-holders must desire the right, and right-grantors, or government officials, must perceive an advantage from enforcing respect for the right. Property in slots; The buy/sell rule; Discussion.
Original language | English |
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Pages (from-to) | 951-969 |
Number of pages | 19 |
Journal | American Journal of Political Science |
Volume | 35 |
Issue number | 4 |
DOIs | |
State | Published - 1 Nov 1991 |
Keywords
- LAND tenure