The use of coercion in society : insecure property rights , con ict and economic backwardness

  title={The use of coercion in society : insecure property rights , con ict and economic backwardness},
  author={Francisco M. Gonzalez and Michelle R. Gar nkel and Stergios Skaperdas},
This article o ers an equilibrium analysis of the in uence of insecure property rights on macroeconomic outcomes. The purpose of the analysis is to show how principles of economics without the ideal of the rule of law can deepen our understanding of economic backwardness and development. Department of Economics, University of Calgary. E-mail address: I am grateful to Itziar Lazcano and Irving Rosales for research assistance. I have also bene ted from comments by… CONTINUE READING


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