Coproduction of property rights: The management of watercourses in pre-modern Bohemia

David Dolejší

International Review of Law and Economics, 2018, vol. 53, issue C, 50-59

Abstract: The structure of ownership is recognized as a key factor for economic and social development. The traditional approach suggests that new property rights emerge when it becomes profitable to invest in their production. I extend this idea by arguing that simply defining new property rules is not enough for new rights to develop effectively, and that enforcement of those rules is just as important. Identifying and implementing an optimal combination of definition and enforcement activities then becomes the central issue in the development of property rights. I illustrate the application of this theory with a detailed study of the evolution of water rights in pre-modern Bohemia.

Keywords: K11; N53; P48; Q25; Q34; Property rights; Coproduction; Water rights (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0144818817300418
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:irlaec:v:53:y:2018:i:c:p:50-59

DOI: 10.1016/j.irle.2017.09.007

Access Statistics for this article

International Review of Law and Economics is currently edited by C. Ott, A. W. Katz and H-B. Schäfer

More articles in International Review of Law and Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().