Keyword: disaster
The Dust Bowl - Natural or Man-made Disaster? (12/21/2001)
High transaction costs, whether natural or artificial, could delay the transfer of property rights from lower-value use to higher-value use.
Keywords: consolidation, disaster, diversification, Dust Bowl, farm size, Great Plains states, Homestead Act, livestock, property right, transaction cost
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