A Research Agenda for New Institutional Economics
Show Less

A Research Agenda for New Institutional Economics

Edited by Claude Ménard and Mary M. Shirley

Consisting of 30 concise chapters written by top scholars, this Research Agenda probes the knowledge frontiers of issues long at the forefront of New Institutional Economics (NIE), including government, contracts and property rights. It examines pressing research questions surrounding norms, culture, and beliefs. It is designed to inform and inspire students and those starting their careers in economics, law and political science. Well-established scholars will also find the book invaluable in updating their understanding of crucial research questions and seeking new areas to explore.
Show Summary Details
You do not have access to this content

Chapter 12: Questions of property rights

Dominic Parker


The study of property rights lies at the heart of institutional economics and has been the subject of much seminal research. But many old research questions demand new answers. Why and when do property rights emerge?  What role does or should the state play in the creation and evolution of property rights? I argue there is no static answer to these questions.  Novel technologies and production processes, combined with modern global demand shocks, have created pressures for new definitions of property rights and opened new research opportunities. For example, rising demand for sand has led to sand mafias in India, brutally defending their control rights, while the greater value being placed on pristine environments is challenging old “use-it-or-lose-it” rules. To understand and predict institutional responses moving forward, the field will need a new cadre of creative and dedicated scholars employing new theory, applications, and empirical tests.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.