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We study capital misallocation within and across 10 African countries using the World Bank Enterprise Surveys. First, we compare the extent of misallocation among rms within countries. We document h...
This study empirically investigates the relationship between design structure and organization structure in the context of new infrastructure development projects. Our research setting is a capital pr...
Our paper tests a key prediction of property rights theory, specifically, that agents will respond to marginal incentives embedded in property rights when making non-contractible, revenue-enhancing in...
We examine three reforms to property rights introduced by the United States in the Philippines in the early 20th century: the redistribution of large estates to their tenants, the creation of a system...
We examine three reforms to property rights introduced by the United States in the Philippines in the early 20th century: the redistribution of large estates to their tenants, the creation of a system...
This paper theoretically and empirically analyzes the effect of strengthening intellectual property rights in developing countries on the level and composition of industrial development. We develop a ...
Can we assume that the effect of early institutions is persistent over time? Work by La Porta,Lopez de Silanes, Shleifer, and Vishny, also known as the “law and finance” literature, implicitly argues ...
In 1838 Augustin Cournot defined the concept of a “complementary oligopoly,” where two (or more) independently held inputs are required in order to produce a single output. He also showed that efficie...
Trying to sell or buy water rights can be a complicated exercise. First, it takes time and effort for buyers and sellers to find each other, a process that often relies on word-of-mouth, local bulleti...
On the 20th year after the International Conference on Population and Development (ICPD) in Cairo and the year before the reckoning of the MDG achievements, civil society organizations in collaboratio...
In one way or another, all environmental and natural resource problems associated with overexploitation or under provision of public goods, arise from incompletely defined and enforced property rights...
Economic analysis of natural resource and environmental issues inappropriately places too much emphasis on Pigouvian externalities and too little on Coasean property rights and transaction costs. The ...
The author discusses her assertion that a correlation exists between the security of private property rights and improved environmental quality as measured by air and water pollution. She argues that ...
text of a book by Alexander V. Osadci
Public corporations are republics: The ultimate authority rests with voters (shareholders), but managed by elected representatives (board of directors).

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