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Costly enforcement of property rights and the Coase theorem

✍ Scribed by Alex Robson; Stergios Skaperdas

Publisher
Springer
Year
2007
Tongue
English
Weight
232 KB
Volume
36
Category
Article
ISSN
0938-2259

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It has long been argued that ownership depends upon social groups' establishing and adhering to rights such as the right to use and to exclude others from using one's own property. The authors consider the application of such rights in the interactions of young peers and siblings, and the extent to