with the emergence of new legal regimes such as intellectual property rights, new complexities in the process of determination of applicable law are involved in private international law. the dilution of physical center of gravity for disputes related to intellectual property rights and the effects of utilitarianism in law with an emphasis on public interest has led to the adoption of new metho...

in this paper, we develop a ramsey-type endogenous growth model in which government spending on property rights protection is a major determinant of economic growth. this model includes equations for welfare, private and public sectors production. we introduce the legal efficiency into private production function, and x-inefficiency parameter into public production function. also, we consider t...

As institutional approaches have come to dominate the mainstream of development economics, they have outgrown earlier and simpler analyses of ‘property rights’. This paper focuses on the work of Acemoglu, Johnson, and Robinson, which suggests that the distribution of property rights to a ‘broad cross-section of the population’ is the key to growth and that property rights protection that privil...

The purpose of this essay is to provide an overview of the theories of the vertical firm boundaries from a viewpoint of a theorist whose field of specialization is organizational economics. I offer several testable theoretical hypotheses (with a few relevant empirical studies in the fields outside international economics) hoping future research will test them in the context of international ver...

Property rights theory has common antecedents with contractual theories of the firm such as transaction costs and agency theories, and is yet distinct from these theories. We illustrate fundamental theoretical principles derived from these three theories by analyzing the business case of oil field unitization. Theoretical principles and application of theory to oil field unitization are each su...

Commons and Anticommons problems are the consequence of symmetric structural departures from a unified conception of property. In this paper, we endeavor to provide a dual model of property, where commons and anticommons problems are the consequence of a lack of conformity between use and exclusion rights. The general model is then extended to consider the different equilibria obtained under ve...

The purpose of the study was to verify, through the use of an experimental method, the assumption that the ‘economic human’ pays more attention to the externality he/she causes as the strength of externality increases. We used a social-experiment design within an undergraduate classroom to test assumptions, using statistical method. A lakeside plant was used as an example. Our results confirmed...

We review the role of R&D in endogenous growth theory, and describe extant empirical research—macro and micro—bearing on R&D as an engine of growth. Taking R&D to be key while recognizing the significance of economic incentives emphasizes knowledge as an economic object and, more generally, the economics of intellectual property rights. This paper argues that property rights matter, but in subt...

alternate of the usurped property is a compensation paid to the owner after unavailability of usurped property. the iranian civil code, following the islamic scholars' famous view, has principally accepted the payment of this compensation but is silent as far as duties and rights of owner and usurper are concerned; hence the judge's obligation to refer to valid verdicts (fatawa) in this regard....