The creation of the rule of law and the legitimacy of property rights: the political and economic consequences of a corrupt privatization
"How does the lack of legitimacy of property rights affect the dynamics of the creation of the rule of law? We investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is possible, that those who have "stolen" assets ca...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, MA
National Bureau of Economic Research
c2005
|
| Schriftenreihe: | NBER working paper series
working paper 11772 |
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | "How does the lack of legitimacy of property rights affect the dynamics of the creation of the rule of law? We investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is possible, that those who have "stolen" assets cannot be fully protected under a change in the legal regime towards rule of law, and that the number of agents with control rights over assets is large. We show that a demand for broadly beneficial legal reform may not emerge because the expectation of weak legal institutions increases the expected relative return to stripping assets, and strippers may gain from a weak and corrupt state. The outcome can be inefficient even from the narrow perspective of the asset-strippers"--National Bureau of Economic Research web site |
| Beschreibung: | Includes bibliographical references Title from PDF file as viewed on 12/7/2005 |
| Beschreibung: | 1 Online-Ressource |
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| 520 | 3 | |a "How does the lack of legitimacy of property rights affect the dynamics of the creation of the rule of law? We investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is possible, that those who have "stolen" assets cannot be fully protected under a change in the legal regime towards rule of law, and that the number of agents with control rights over assets is large. We show that a demand for broadly beneficial legal reform may not emerge because the expectation of weak legal institutions increases the expected relative return to stripping assets, and strippers may gain from a weak and corrupt state. The outcome can be inefficient even from the narrow perspective of the asset-strippers"--National Bureau of Economic Research web site | |
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Datensatz im Suchindex
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| index_date | 2024-07-03T22:27:47Z |
| indexdate | 2024-07-10T09:54:31Z |
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| spelling | Hoff, Karla Ruth Verfasser aut The creation of the rule of law and the legitimacy of property rights the political and economic consequences of a corrupt privatization Karla Hoff, Joseph E. Stiglitz Cambridge, MA National Bureau of Economic Research c2005 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier NBER working paper series working paper 11772 Includes bibliographical references Title from PDF file as viewed on 12/7/2005 "How does the lack of legitimacy of property rights affect the dynamics of the creation of the rule of law? We investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is possible, that those who have "stolen" assets cannot be fully protected under a change in the legal regime towards rule of law, and that the number of agents with control rights over assets is large. We show that a demand for broadly beneficial legal reform may not emerge because the expectation of weak legal institutions increases the expected relative return to stripping assets, and strippers may gain from a weak and corrupt state. The outcome can be inefficient even from the narrow perspective of the asset-strippers"--National Bureau of Economic Research web site Online-Ausg Also available in print Post-communism Developing countries Privatization Developing countries Right of property Developing countries Rule of law Developing countries Stiglitz, Joseph E. Sonstige oth National Bureau of Economic Research Sonstige oth Hoff, Karla Ruth The creation of the rule of law and the legitimacy of property rights http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3779 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Hoff, Karla Ruth The creation of the rule of law and the legitimacy of property rights the political and economic consequences of a corrupt privatization Post-communism Developing countries Privatization Developing countries Right of property Developing countries Rule of law Developing countries |
| title | The creation of the rule of law and the legitimacy of property rights the political and economic consequences of a corrupt privatization |
| title_auth | The creation of the rule of law and the legitimacy of property rights the political and economic consequences of a corrupt privatization |
| title_exact_search | The creation of the rule of law and the legitimacy of property rights the political and economic consequences of a corrupt privatization |
| title_exact_search_txtP | The creation of the rule of law and the legitimacy of property rights the political and economic consequences of a corrupt privatization |
| title_full | The creation of the rule of law and the legitimacy of property rights the political and economic consequences of a corrupt privatization Karla Hoff, Joseph E. Stiglitz |
| title_fullStr | The creation of the rule of law and the legitimacy of property rights the political and economic consequences of a corrupt privatization Karla Hoff, Joseph E. Stiglitz |
| title_full_unstemmed | The creation of the rule of law and the legitimacy of property rights the political and economic consequences of a corrupt privatization Karla Hoff, Joseph E. Stiglitz |
| title_short | The creation of the rule of law and the legitimacy of property rights |
| title_sort | the creation of the rule of law and the legitimacy of property rights the political and economic consequences of a corrupt privatization |
| title_sub | the political and economic consequences of a corrupt privatization |
| topic | Post-communism Developing countries Privatization Developing countries Right of property Developing countries Rule of law Developing countries |
| topic_facet | Post-communism Developing countries Privatization Developing countries Right of property Developing countries Rule of law Developing countries |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3779 |
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