An endogenous theory of property rights: opening the black box of institutions

Ho, Peter

doi:10.1080/03066150.2016.1253560

Cited by 63 publications

(26 citation statements)

References 38 publications

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“…Increased land conflicts spurred the government to put in place legislation and public agencies to support private property, which did not exist before. Ho ( 19 ), however, suggests that such a deep change in LPR may not always happen, as private property and land titles may represent foreign devices in traditional communities and may, therefore, face poor social acceptance. It is likely that the impact of transportation on LPR will be more directly observed in countries that already have the legislation and public agencies in place.…”

Section: Discussionmentioning

confidence: 99%

Can Transportation Change Land Property Rights in Developing Rural Areas? Case Study of Land Titles in a Brazilian Municipality

Alves

Maeda

Morikawa

et al. 2019

Transportation Research Record: Journal of the Transportation R

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The impact of transportation on economic development has been the subject of intense research. This paper investigates a potential impact on yet another aspect of the economy: land property rights (LPR). This institution determines who may own land and under what circumstances land transactions happen, with significant implications for farmers’ incentives and agricultural performance. Transportation is assumed to represent a technological shock capable of generating incentives for land titling. Data was collected in a rural municipality in Brazil where agricultural development has been closely related to the construction of a railway and a paved road. Farmers have subsequently applied for land titles. Two hypotheses are tested: first, farmers whose produce is transported by the railway are more likely to have land titles than those whose produce is not; second, farmers that are located closer to the paved road are more likely to have land titles than those located further away. IV are introduced to treat anticipated endogenous problems. Results indicate the acceptance of both hypotheses, which points to one significant policy implication: improvements in LPR can be considered one indirect impact of transportation, at least where the legal framework for titling is present. Initiatives to improve transportation and LPR may be implemented in parallel with mutually reinforcing effects. It must be noted, however, that likelihood of titling in rural areas is dependent on modes of transportation and on which products can be produced according to the agro-ecological features of each region.

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Section: Discussionmentioning

confidence: 99%

Can Transportation Change Land Property Rights in Developing Rural Areas? Case Study of Land Titles in a Brazilian Municipality

Alves

Maeda

Morikawa

et al. 2019

Transportation Research Record: Journal of the Transportation R

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Section: Credibility Thesismentioning

confidence: 99%

“…According to the credibility thesis, "institution" refers to "a set of rules that endogenously shapes and is shaped by actors" [8] (p. 1129). Institutional credibility is defined as the collective performance of institutional functions, reflecting the actors' cumulative perception of endogenous institutions as common arrangements, and it is assumed that credibility is always secured endogenously instead of exogenously [8]. Therefore, the institution with high credibility should not be intervened or changed intentionally; otherwise, the disruption to endogenous processes of institutional credibility may lead to conflicts, and the ineffective institution can emerge repeatedly [8].…”

Section: Credibility Thesismentioning

confidence: 99%

“…The struggle for power causes social change, and the cycle of conflict and harmony is the social reality [24]. On the theocratical basis, credibility thesis attempts to reconcile functionalism and conflict theory by integrating institutional functions with dynamic disequilibrium to illustrate institutional persistence and change, offering suggestions for policy intervention [8].…”

Section: Credibility Thesismentioning

confidence: 99%

“…We believe that an institution's function and credibility should be discussed in relation to its environment. According to the credibility thesis, an institution's function and credibility are defined by its space and time [8]. More accurately, credibility should be discussed in a specific context, which includes diverse conditions and institutional structures.…”

Section: Credibility Thesismentioning

confidence: 99%

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The Small Property Rights Housing Institution in Mainland China: The Perspective of Substitutability of Institutional Functions

Zhou

Yau²

2021

Land

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Despite its informal nature, small property rights housing (SPRH) proliferates in many Chinese cities. Given the institutional functions of the SPRH institution, it may not be desirable for the state to intervene in the SPRH sector. However, the institutional credibility and the institutional functions of SPRH are not completely endogenous, which contradicts the assumption of the credibility thesis. Based on the framework of the credibility thesis, this paper proposes the concept of the substitutability of institutional functions and develops a framework integrating the concepts of substitutability and credibility to examine the influence of functional substitutability on institutional credibility. Research hypotheses were tested with the data collected through a questionnaire survey on SPRH residents in Shenzhen and Chenzhou (n = 458). The analysis results of the combined model suggest that the supportive perceptions of actors for SPRH and the credibility of SPRH are significantly related to the substitutability of SPRH’s functions. The effect of the substitutability of social housing on credibility is found insignificant, while the impact of the substitutability of commercial housing on credibility is significant. However, the analysis results are city-specific. A significant negative correlation is found between the substitutability of formal housing institutions and the credibility of SPRH in Chenzhou but not in Shenzhen. This study attempted to refine the credibility thesis by clarifying the relationship between institutional functions and institutional credibility and examining the endogeneity of credibility.

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Wealth-destroying states

Murtazashvili

2019

Public Choice

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An endogenous theory of property rights: opening the black box of institutions

Cited by 63 publications

References 38 publications

Can Transportation Change Land Property Rights in Developing Rural Areas? Case Study of Land Titles in a Brazilian Municipality

Can Transportation Change Land Property Rights in Developing Rural Areas? Case Study of Land Titles in a Brazilian Municipality

The Small Property Rights Housing Institution in Mainland China: The Perspective of Substitutability of Institutional Functions

Wealth-destroying states

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