Tag: property rights

NAP Problems

I read a comment by a friend on Facebook recently about the NAP and it kicked off the conversation described and editorialized below. This continues my belief that the NAP is a weak grounding for economic analysis or derived normative

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Non-Market Decision Making Reading Notes Section 3.6

This article contains my notes on the section 3.6 readings for Leeson’s Economics of Non-Market Decision Making. 3.6 Alternative Institutions of Property Protection and Conflict Resolution Allen, Douglas W., and Vera Lantinova. 2013. “The Ancient Olympics as a Signal of

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Some Quick Bullets on Property Rights

This article briefly records some thoughts on property rights which I had as a result of class discussion, as well as a summary of the class method as it is not traditional lecture and I think highly of it. Thoughts:

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Vandivier-Coase Theorem

Having considered the Coase Thereom a bit more, I think I can phrase the principle being described better than even Coase did. I’ll call this the Vandivier-Coase Thereom: When transaction costs are sufficiently small relative to total surplus, an efficient

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