in American Law and Economics Review
January 2007; p ublished online June 2007 .
Journal Article. Subjects: Game Theory and Bargaining Theory; Property Law; Urban, Rural, and Regional Economics; Regional Government Analysis. 4870 words.
The holdout problem is commonly cited as the justification for eminent domain, but the nature of the problem is not well understood. This article models the holdout problem in a bargaining...
The Ecological and Civil Mainsprings of Property: An Experimental Economic History of Whalers’ Rules of Capture
in The Journal of Law, Economics, and Organization
October 2012; p ublished online January 2012 .
Journal Article. Subjects: Property Law; Agricultural, Environmental, and Natural Resource Economics; Design of Experiments; Production and Organizations. 15674 words.
This article uses a laboratory experiment to probe the proposition that property emerges anarchically out of social custom. We test the hypothesis that whalers in the 18th and 19th...
in Journal of Competition Law & Economics
June 2011; p ublished online March 2011 .
Journal Article. Subjects: Technological Change; Research and Development; Property Law; Game Theory and Bargaining Theory. 7570 words.
Policymakers all over the world claim that there can be no innovation without protection. For more than a century, critics have objected that the case for intellectual property is far from...