Securing property rights
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- dc.contributor.author Behrer, A. Patrick
- dc.contributor.author Glaeser, Edward L.
- 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 2024-11-14T10:09:33Z
- dc.date.available 2024-11-14T10:09:33Z
- dc.date.issued 2019-09-01
- dc.date.modified 2024-11-14T10:05:19Z
- 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.identifier https://econ-papers.upf.edu/ca/paper.php?id=1538
- dc.identifier.citation Journal of Political Economy, 129 (4), 2021, 1157-1192
- dc.identifier.uri http://hdl.handle.net/10230/27327
- 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.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- 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.title Securing property rights
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper