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The Form of Property Rights: Oligarchic vs. Democratic Societies

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NBER2003-10-01 更新2025-01-04 收录
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This paper develops a model where this is a trade-off between the enforcement of the property rights of different groups. An oligarchic' society, where political power is in the hands of major producers, protects their property rights, but also tends to erect significant entry barriers, violating

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2003-10-01
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