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Evolution and Chaos in Property Rights Systems: The Third World Tragedy of Contested Access

Fitzpatrick, Daniel

Description

According to conventional law-and-economics theory, private property rights tend to evolve as resource values rise. This optimistic assessment fails to explain the development of open access in many Third World property systems. Indeed, while the evolution of property has been studied extensively, scholars have paid relatively little attention to the evolution of open access itself. This Essay presents a theoretical analysis of open access that focuses on contested institutional interactions...[Show more]

dc.contributor.authorFitzpatrick, Daniel
dc.date.accessioned2015-12-13T23:02:34Z
dc.date.available2015-12-13T23:02:34Z
dc.identifier.issn0044-0094
dc.identifier.urihttp://hdl.handle.net/1885/84950
dc.description.abstractAccording to conventional law-and-economics theory, private property rights tend to evolve as resource values rise. This optimistic assessment fails to explain the development of open access in many Third World property systems. Indeed, while the evolution of property has been studied extensively, scholars have paid relatively little attention to the evolution of open access itself. This Essay presents a theoretical analysis of open access that focuses on contested institutional interactions between laws, norms, and agreements. It argues that rising resource values are more likely to lead to open access than private property when the institutional environment is characterized by competing legal and norm-based systems. The Essay concludes that to understand property failures in contemporary Third World circumstances, we must move beyond conventional evolutionary analysis to taxonomic formulations based on the nature and interaction of property enforcement arrangements.
dc.publisherYale Journal Co Inc
dc.sourceYale Law Journal
dc.titleEvolution and Chaos in Property Rights Systems: The Third World Tragedy of Contested Access
dc.typeJournal article
local.description.notesImported from ARIES
local.description.refereedYes
local.identifier.citationvolume115
dc.date.issued2006
local.identifier.absfor180124 - Property Law (excl. Intellectual Property Law)
local.identifier.ariespublicationMigratedxPub13167
local.type.statusPublished Version
local.contributor.affiliationFitzpatrick, Daniel, ANU College of Law, ANU
local.bibliographicCitation.issue5
local.bibliographicCitation.startpage996
local.bibliographicCitation.lastpage1048
dc.date.updated2015-12-12T07:48:02Z
local.identifier.scopusID2-s2.0-33644897896
CollectionsANU Research Publications

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