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We study capital misallocation within and across 10 African countries using the World Bank Enterprise Surveys. First, we compare the extent of misallocation among rms within countries. We document h...
We examine three reforms to property rights introduced by the United States in the Philippines in the early 20th century: the redistribution of large estates to their tenants, the creation of a system...
This paper theoretically and empirically analyzes the effect of strengthening intellectual property rights in developing countries on the level and composition of industrial development. We develop a ...
In 1838 Augustin Cournot defined the concept of a “complementary oligopoly,” where two (or more) independently held inputs are required in order to produce a single output. He also showed that efficie...
Trying to sell or buy water rights can be a complicated exercise. First, it takes time and effort for buyers and sellers to find each other, a process that often relies on word-of-mouth, local bulleti...
In one way or another, all environmental and natural resource problems associated with overexploitation or under provision of public goods, arise from incompletely defined and enforced property rights...
Economic analysis of natural resource and environmental issues inappropriately places too much emphasis on Pigouvian externalities and too little on Coasean property rights and transaction costs. The ...
The author discusses her assertion that a correlation exists between the security of private property rights and improved environmental quality as measured by air and water pollution. She argues that ...
text of a book by Alexander V. Osadci
Venture capitalism is an outcome of the ICT Revolution, which made its appearance first in the US during the late 1970s and early 1980s and then in other countries including Israel during the 1990s. I...
I re-examine the notorious Owens Valley water transfer to Los Angeles, which is a pivotal episode in the political economy of contemporary western water allocation.Negotiated between 1905 and 1935, it...
Although the importance of property rights as the engine of growth remains beyond dispute, this article tries to show that the crucial issue is not so much the definition of the allegedly ‘optimal’ ...
The implementation of China's economic reforms, beginning in the early 80's, and the formal establishment of a "Socialist Market Economy" in the following decade, stimulated substantial changes and im...

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