Private Property Rights, Government Interventionism and Welfare Economics
نویسندگان
چکیده
منابع مشابه
Incomplete property rights, redistribution, and welfare
In a world where the private protection of property is costly, government redistribution can lead to an increase in aggregate output. This result is not new. The novelty of this paper lies in specifying the conditions under which this efficiencyenhancing redistribution improves everyone’s welfare including the welfare of those whose labor finances the redistributive program (i.e., the rich) and...
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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...
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This paper examines how intellectual property rights (IPR) protection affects innovation and foreign direct investment (FDI) using a North–South quality-ladder model incorporating the exogenous and costless imitation of technology and subsidy policies for both R&D and FDI. We show that for the interior steady state to be stable, either R&D or FDI subsidy rates must be positive. Our findings als...
متن کاملThe Structure of Rights in the Context of Private Property
z Some rights to resources adhere to individuals on the basis of ascribed characteristics-these are rights of person. These rights are not subject to voluntary alienation. And there are rights that adhere to specific characteristics of resources and are subject to alienation. These are rights in property. However, there has been a systematic tendency to promote property rights at the expense of...
متن کاملThe Optimal Share of Property Rights Protection Expenditure in Total Government Spending: The Case of Iran
Abstract The main purpose of this paper is to obtain the optimal amount of expenses of government relating to the protection of property rights (PPRs). To achieve these purposes we have introduced concept of social intelligence with respect to PPRs and then developed different growth model from existing literature. In the second step the optimal share of government spending on the PPRs is calcu...
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ژورنال
عنوان ژورنال: Review of Economic Perspectives
سال: 2019
ISSN: 1804-1663
DOI: 10.2478/revecp-2019-0019