Differentials in Property Rights in a two sector-economy

Raul Caruso ()

No 2/2012, NEPS Working Papers from Network of European Peace Scientists

Abstract: This paper presents a two-sector economy. In a contested sector two agents struggle to appropriate the maximum possible fraction of a contestable output. In an uncontested sector uncontested sector, they hold secure property rights over the production of some goods. Agents split their resource endowment between ‘butter’, ‘guns’ and ‘ice-cream’. The latter denote productive activities secure from appropriation. It is shown how improvements in productivity can countervail destructive impact of continuous conflicts. Eventually, the basic model is extended to consider a government and a rival group. A redistributive government can boost production in the uncontested sector, but at a higher level of ‘guns’.

Keywords: property rights; conflict; productive and unproductive Activities; Butter; Guns and Ice-cream; appropriation; entrepreneurship; redistribution; kleptocracy (search for similar items in EconPapers)
JEL-codes: D20 D74 F51 H56 O17 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2012-09-05
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Citations: View citations in EconPapers (5)

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