Are both dimensions of property rights “efficient”?
The “efficient institutions view” on property rights claims that property rights emerged and are enforced when their enforcement maximizes net wealth. In a cross-country pattern this is usually understood as the prediction that economic development creates the incentives to provide higher quality pr...
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| Format: | Article |
| Language: | English |
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Università Carlo Cattaneo LIUC
2015-06-01
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| Series: | The European Journal of Comparative Economics |
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| Online Access: | http://eaces.liuc.it/18242979201501/182429792015120103.pdf |