London’s eighteenth-century expansion required the reorganization of rights for large tracts of land. This property previously lay within equitable estates and agricultural villages. Removing property from these restrictive property-rights regimes proved problematic. Parliament catalyzed the process by passing acts reorganizing rights to land and resources. Two theories characterize Parliament’...

We study the determinants of patent suits and their outcomes over the period 1978-1999 by linking detailed information from the U.S. patent office, the federal court system, and industry sources. The probability of being involved in a suit is very heterogeneous, being much higher for valuable patents and for patents owned by individuals and smaller firms. Thus the patent system generates incent...

The paper provides a framework for addressing the question of when transactions should be carried out within the firm and when through the market. Following Grossman and Hart (1986), we identify a firm with the assets which its owners control: ownership confers the right to decide how the assets are to be used in events unspecified in an initial contract. We study how changes in ownership affec...

C hronic hunger persists in most African countries even as crop production reaches peak levels on other continents (Johns Hopkins 2000). In sub-Saharan Africa, more than 600 million people live on small farms measuring no more than a few hectares each. Low productivity due to biotic and abiotic factors is responsible for food insufficiency and malnutrition. The rapid increase in population (nea...

in almost all countries around the world (developed as well as developing countries) the public sector economics has been growing very rapidly and caused the share of government expenditures in gdp to rise over time. although in recent years, especially from the end of 1980, for different reasons especially privatization the trend of public sector growth has been slowed, but the factors behindt...

Thorough tests were conducted on video watermarking systems in 2000 [3]. Audio watermarking tests followed and have recently been completed. The process was lengthy, starting in June 2001 and finishing in July 2003. In summary, a list of technical requirements was made ... Calls For Systems were issued ... systems were received ... and then they were tested. Several members of EBU Project Group...

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It is often argued that additional checks and balances provide economic agents with better protection from expropriation of their wealth or productive capital. We demonstrate that in a dynamic political economy model this intuition may be flawed. Surprisingly, increasing the number veto players or the majority requirement for redistribution may reduce property right protection on the equilibriu...