This paper examines how transaction costs affect Coasean bargaining with secure and insecure property rights in the lab. Consistent with the theory that secure property rights lowers the cost of non-cooperation, we find that bargaining efficiency is inversely related to property right security. Less secure property rights increased economic efficiency twofold. Property owners with secure rights...

The main objective of this article is to contribute the literature on land issues, especially with regard evolutionary theory China’s rural property rights. This applies Demsetz’s rights as a framework into an analysis process in China. It found that externality, compactness, productivity, and organizational complexity—four principles framework—are at core understanding evolution from collectiv...

the law of prohibition of unfair competition prohibits any deed or action which is against the normal competition in the market. before emergence of special laws for protection of intellectual property rights, including trademarks, such right could be protected either by tort law claims or law of unfair competition. however, the law of prohibition of unfair competition covers a wider area than ...

This entry examines the relationship between property rights and environmental protection. According to the ‘tragedy of the commons’ model, environmental pollution and resource depletion result from the inadequate specification of property rights in environmental goods. Two solutions typically are offered for averting the ‘tragedy’: (1) specify property rights (that is, privatize the commons) o...

introduction one of the most important factors that encourages consumers to purchase goods or use services, and make them choose one of them among various goods and services, is the design of products and services or their packaging. due to this importance, intellectual property rights protect the design of goods and services or their packaging. however, this protection is not limited to one br...

although intellectual property rights (iprs) in this era specially after the constitution of world trade organization (wto) have been concerned from economic and commercialization point of view, human rights perspective to iprs has been increased and so, human rights groups have highlighted certain challenges between iprs and human rights, have tried to adjust economic perspective and have soug...

This paper is concerned with the question how we should understand cases on property rights in general, and land economics particular, which a remarkable level of growth (or other measures institutional performance) combined so-called ‘perverse’ institutions. That to say institutions that are not proposed by neoliberal politics, insights mainstream (orthodoxy) especially related market policies...