scholarly journals The Virtuous Cycle of Property

2020 ◽  
pp. 1-48 ◽  
Author(s):  
Marco Fabbri ◽  
Giuseppe Dari-Mattiacci
Keyword(s):  
Property Rights ◽  
Land Tenure ◽  
Large Scale ◽  
Private Property ◽  
Dictator Game ◽  
Private Property Rights ◽  
Tenure Reform ◽  
Large Scale Land ◽  
Virtuous Cycle ◽  
Positive Effect

The article shows that formalizing private property rights has a positive effect on the propensity to respect the property of others. We study a recent large-scale land tenure reform in West Africa which was the first of its kind to be implemented as a randomized control-trial. Results of a modified dictator game show that the formalization of private property rights reduced an individual's willingness to take from others' endowment. We used additional experimental measures and post-experimental survey data to rule out alternative explanations for the observed behavior that do not imply a change in preferences.

Legibility and External Investment: An Institutional Natural Experiment in Liberia

2021 ◽  
pp. 1-22
Author(s):  
Darin Christensen ◽  
Alexandra C. Hartman ◽  
Cyrus Samii
Keyword(s):  
Property Rights ◽  
Large Scale ◽  
Natural Experiment ◽  
Private Property ◽  
Difference In Differences ◽  
Private Property Rights ◽  
Trade Offs ◽  
Large Scale Land ◽  
Global Food ◽  
Global Food Crisis

Abstract We address a debate over the effects of private versus customary property rights on external investment. Despite political economists’ claims that external investors favor private property rights, other experts argue that customary systems enable large-scale “land grabs.” We organize these competing claims, highlighting trade-offs due to differences in legibility versus the ability to displace existing landholders under both systems. We study a natural experiment in Liberia, where law codifies parallel private and customary property rights systems. We use this institutional boundary and difference-in-differences methods to isolate differential changes in external investment under the different property rights systems following the global food crisis of 2007–08. We find a larger increase in land clearing where private property rights prevailed, with such clearing related to more concession activity. Qualitative study of a palm oil concession reveals challenges external investors confront when navigating customary systems.

The Politics of Property Rights

1995 ◽  
Vol 89 (4) ◽  
pp. 867-881 ◽  
Author(s):  
Kathryn Firmin-Sellers
Keyword(s):  
Property Rights ◽  
Land Tenure ◽  
Political Institutions ◽  
Land Reform ◽  
Local Community ◽  
Private Property ◽  
Fundamental Problem ◽  
Theoretical Argument ◽  
Private Property Rights ◽  
Customary Land

The study of land tenure polarizes the field of development. Neoclassical scholars lobby for a move toward private property rights, while other economists and historians defend the maintenance of customary land tenure. I argue that the development scholars' focus on the structure of property rights obscures a more fundamental problem of land reform—that of enforcement. Property rights will not inspire individual investment and economic growth unless political institutions give the ruler of a local community or nation-state sufficient coercive authority to silence those who advocate an alternative, more distributionally favorable property rights system. At the same time, political institutions must force the ruler to establish a credible commitment to that property rights system. I illustrate this theoretical argument through an analysis of property rights institutions in Akyem Abuakwa, a traditional state in colonial Ghana.

LAND PLOT AS AN OBJECT OF PRIVATE PROPERTY RIGHTS

2020 ◽  
Author(s):  
Vyacheslav Vovk
Keyword(s):  
Property Rights ◽  
Land Management ◽  
Land Reform ◽  
Essential Role ◽  
Private Property ◽  
Rich Country ◽  
Private Property Rights ◽  
Land Plot ◽  
Government Supervision

Russia is a resource-rich country, and great changes are being made today in order that land and its resources are used for the benefit of any citizen of our state. Under the circumstances government supervision (control) over the optimal use of territories gets the essential role. The rights that are contained in land reform give owners, landowners, land users, and employers extensive powers concerning independent land management.

Konsep Distribusi Pendapatan Dalam Islam

2016 ◽  
Vol 1 (1) ◽  
pp. 85-97
Author(s):  
Moh. Ah. Subhan ZA
Keyword(s):  
Property Rights ◽  
Social Life ◽  
Private Property ◽  
Wealth Distribution ◽  
The State ◽  
Private Property Rights ◽  
Job Opportunities ◽  
The Rich ◽  
The Difference ◽  
Distribution Of Income

The main problem of social life in the community is about how to make the allocation and distribution of income well. Inequality and poverty basically arise not because of the difference of anyone’s strength and weakness in getting livelihood, but because of inappropriate distribution mechanism. With the result that wealth treasure just turns on the rich wealthy, which is in turn, results in the rich get richer and the poor get poorer.Therefore, a discussion on distribution becomes main focus of theory of Islamic economics. Moreover, the discussion of the distribution is not only related to economic issues, but also social and political aspects. On the other side, the economic vision of Islam gives priority to the guarantee of the fulfillment of a better life. Islam emphasizes distributive justice and encloses, in its system, a program for the redistribution of wealth and prosperity, so that each individual is guaranteed with a respectable and friendly standard of living. Islam recognizes private property rights, but the private property rights must be properly distributed. The personal property is used for self and family livelihood, for investment of the working capital, so that it can provide job opportunities for others, for help of the others through zakat, infaq, and shodaqoh. In this way, the wealth not only rotates on the rich, bringing on gap in social life.The problem of wealth distribution is closely related to the welfare of society. Therefore, the state has a duty to regulate the distribution of income in order that the distribution can be fair and reaches appropriate target. The state could at least attempt it by optimizing the role of BAZ (Badan Amil Zakat) and LAZ (Lembaga Amil Zakat) which has all this time been slack. If BAZ and LAZ can be optimized, author believes that inequality and poverty over time will vanish. This is because the majority of Indonesia's population is Muslim.

Libertarianisms

2018 ◽  
Author(s):  
Daniel Halliday
Keyword(s):  
Property Rights ◽  
Private Property ◽  
Private Property Rights ◽  
Classical Liberal ◽  
Inherited Wealth ◽  
Left And Right ◽  
The Common

This chapter considers various arguments both for and against taxing inherited wealth, each of these being associated with some or other type of libertarian outlook. Libertarianism in the Lockean guises (‘left’ and ‘right’ varieties) is distinguished from its classical liberal alternative, which downplays the Lockean emphasis on private property rights in favour of a more defeasible case for small government and low taxation. These different perspectives generate a variety of quite different arguments about inheritance, some more persuasive than others. Some attention is paid to the common claim that inheritance taxes ‘punish’ virtue and generosity. It is then argued that a Rignano scheme may be particularly attractive in light of certain left-libertarian commitments and as a way of accommodating a classical liberal concern about perpetual savings.

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