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Keyword: ownership

Property Rights and Externality (7/7/2006)

Transferable and enforceable property rights encourage investment and high-valued uses.

Keywords: barbed wire, cattle ranching, commons, enforcement cost, external benefit, external cost, externality, ownership, Property rights, spillovers, transferability

The Sharing Economy (3/11/2014)

The peer-to-peer rental and sharing economy could lead to more efficient allocation of scarce resources and a cleaner economy.

Keywords: access, AirBnB, capital goods, Coase, insurance, liability, Lyft, ownership, peer-to-peer rental, regulation, RelayRides, shareable goods, sharing economy, transaction cost, Zipcar