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Published in 2018 at "Economic Theory"
DOI: 10.1007/s00199-018-1141-9
Abstract: I study the extent of secure property rights a planner can implement. Agents can produce output, appropriate others’ output, or work in property rights enforcement. The planner pays enforcement personnel using taxes collected from producers…
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Keywords:
rights enforcement;
enforcement unverifiable;
property;
property rights ... See more keywords