Keyword: capitalization
What Makes Rights? (12/21/2001)
Temporary property rights created out of sympathy or a preference for insiders over outsiders might become politically entrenched.
Keywords: assistance, capitalization, Coke, compensation, delayed adjustment, disaster, factoring, lobby, Pepsi, presumed right, property right, steel, swing states, swing vote, sympathy, trade protection, vested interests
Yellow Cabs, Red Tape (6/22/2006)
Transferable fixed-supply permanent taxi licenses result in high taxi fare and poor service with only normal return to current license owners.
Keywords: capitalization, dissipation, economic rent, medallion, transferable taxi licenses