Go West Young Man: Self-Selection and Endogenous Property Rights.
If, as Hume argues, property is a self-referring custom of a group of people, then property rights depend on how that group forms and orders itself. In this article we investigate how people construct a convention for property in an experiment in which groups of self-selected individuals can migrate...
| Published in: | Southern Economic Journal Vol. 79; no. 4; pp. 886 - 905 |
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| Main Authors: | , |
| Format: | Article |
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Wiley-Blackwell
Apr2013
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| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=87317199&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 87317199 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: Apr2013 vid: 79 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 87317199 10.4284/0038-4038-2011.249 ppf: 886 ppct: 19 formats: fmt: – @attributes: type: T – @attributes: type: P size: 9.5MB tig: atl: Go West Young Man: Self-Selection and Endogenous Property Rights. aug: au: Jaworski, Taylor Wilson, Bart J. affil: Department of Economics, University of Arizona, P.O. Box 210108. Tucson, AZ 85721, USA Economic Science Institute, Chapman University, One University Drive, Orange, CA 92866, USA su: Hume, David, 1711-1776 Property rights Economic impact of emigration & immigration Economic development Transfer (Law) sug: subj: Property rights Economic impact of emigration & immigration Economic development Transfer (Law) Hume, David, 1711-1776 ab: If, as Hume argues, property is a self-referring custom of a group of people, then property rights depend on how that group forms and orders itself. In this article we investigate how people construct a convention for property in an experiment in which groups of self-selected individuals can migrate between three geographically separate regions. To test a hypothesis of Demsetz's, we vary across two treatments the external benefits of migrating. We find that self-selection has a powerful effect on establishing conventions of property and begetting increases in wealth through exchange and specialization. We also find support for the Demsetz hypothesis. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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