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The property rights game: Discovering the meaning of private property

โœ Scribed by Tom G. Geurts; Austin J. Jaffe

Publisher
Springer US
Year
1996
Tongue
English
Weight
799 KB
Volume
12
Category
Article
ISSN
0895-5638

No coin nor oath required. For personal study only.

โœฆ Synopsis

In this paper we discuss the results of an educational game we have developed. This game deals with the acquisition, use, and transfer of private property fights in land and shows participants the importance of property fights in market economies. While our findings are not scientific, they do show that production in a society with solely communal property collapses while production in a society with private property flourishes. We hope that these results encourage others to use this exercise as an educational experience for students.

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