The Black Death and Property Rights

  title={The Black Death and Property Rights},
  author={David D. Haddock and Laura L. Kiesling},
  journal={The Journal of Legal Studies},
  pages={S545 - S587}
The Black Death visited unprecedented mortality rates on Europe, realigning relative values of factors of production, and in consequence the costs and benefits of defining and enforcing property rights. Our model refines the conceptual range of shared claims that exist between open access and private property, improving analysis of the postplague pattern and timing of abandonments and privatizations. Because of title enforcement costs, the decreased marginal value of nonhuman assets induced a… 
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