Differentials in property rights in a two-sector economy

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

3 Citazioni (Scopus)

Abstract

This paper presents a two-sector economy. In a contested sector two agents struggle to appropriate the maximum possible fraction of a contestable output. In an uncontested sector, they hold secure property rights over the production of some goods. Agents split their resource endowment between “butter”, “guns” and “ice-cream”. The latter denote productive activities secure from appropriation. It is shown how improvements in productivity can countervail destructive impact of continuous conflicts. Eventually, the basic model is extended to consider a government and a rival group. A redistributive government can boost production in the uncontested sector, but at a higher level of “guns”.
Lingua originaleEnglish
pagine (da-a)257-278
Numero di pagine22
RivistaRevue d'Economie Politique
Volume122
Stato di pubblicazionePubblicato - 2012

Keywords

  • conflict
  • property rights

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