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dc.contributor.author | Behrer, A. Patrick |
dc.contributor.author | Glaeser, Edward L. (Edward Ludwig), 1967- |
dc.contributor.author | Ponzetto, Giacomo A. M. |
dc.contributor.author | Shleifer, Andrei |
dc.contributor.other | Universitat Pompeu Fabra. Departament d'Economia i Empresa |
dc.date.accessioned | 2020-05-25T09:26:48Z |
dc.date.available | 2020-05-25T09:26:48Z |
dc.date.issued | 2019-09-01 |
dc.identifier | https://econ-papers.upf.edu/ca/paper.php?id=1538 |
dc.identifier.citation | |
dc.identifier.uri | http://hdl.handle.net/10230/27327 |
dc.description.abstract | A central challenge in securing property rights is the subversion of justice through legal skill, bribery, or physical force by the strong the state or its powerful citizens against the weak.We present evidence that undue influence on judges is a common concern in many countries, especially among the poor. We then present a model of a water polluter whose discharges contaminate adjacent land. If this polluter can subvert the assessment of damages caused by his activity, there is an efficiency case for granting the landowner the right to an injunction that stops the polluter, rather than the right to compensation for the harm. If the polluter can subvert even the determination of his responsibility for harm, there is an efficiency case for regulation that restricts pollution regardless of its effects. We then conduct an empirical analysis of water quality in the U.S. before and after the Clean Water Act, and show how regulation brought about cleaner water, particularly in states with higher corruption. |
dc.format.mimetype | application/pdf |
dc.language.iso | eng |
dc.relation.ispartofseries | Economics and Business Working Papers Series; 1538 |
dc.rights | L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
dc.title | Securing property rights |
dc.title.alternative | |
dc.type | info:eu-repo/semantics/workingPaper |
dc.date.modified | 2020-05-25T09:25:00Z |
dc.subject.keyword | property rights |
dc.subject.keyword | subversion |
dc.subject.keyword | liability |
dc.subject.keyword | injunction |
dc.subject.keyword | Macroeconomics and International Economics |
dc.rights.accessRights | info:eu-repo/semantics/openAccess |