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This paper uses a laboratory experiment to probe the proposition that property emerges anarchically out of social custom. We test the hypothesis that whalers in the 18 th and 19 th century developed rules of conduct that minimized the sum of the transaction and production costs of capturing their prey, the primary implication being that different ecological(More)
This paper uses a laboratory experiment to probe the proposition that property emerges anarchically out of social custom. We test the hypothesis that whalers in the 18 th and 19 th century developed rules of conduct that minimized the sum of the transaction and production costs of capturing their prey, the primary implication being that different ecological(More)
Providing subtitling for multimedia content is a highly costly process. Any system aimed at automating at least part of this process may therefore yield significant economic benefits for content providers. In this paper, we present an integrated automatic system capable of automatically subtitling weather forecasts and news broadcasts. In this system, a(More)
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