The Economics of Property Rights: A Review of the Evidence

airlines Alchian Alessi American Economic Review average banks behavior Bell Journal capital common ownership Demsetz dummy variable effect efficiency ejidatario Electric Power Industry electric utilities employees encomienda evidence examined franchise greater implies increased independent variables Indian individual information and transaction inputs investment Journal of Economics Journal of Law labor land Law and Economics less incentive managers of political marginal product monitoring monopoly Moreover municipal firms Mutual Organizations mutuals nomic nonproprietary hospitals nuclear medicine operating costs output overcapitalization owner-managers owners oyster Peltzman percent political firms price discrimination private property rights privately owned firms profit constraint property rights proprietary hospitals public ownership rate base rate of return ratio refuse collection regressed regulated firms regulatory relative residential revenue sample smaller statistically significant stock associations structures suggest systems of property taxicab tenure Theory tion transaction costs Tripolitania typically users usufruct rights wage water utilities wealth worker-managed firms