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The Evolution of Property Rights: The Strange Case of Iceland's Health Records

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dc.contributor.author Eggertsson, Thráinn
dc.date.accessioned 2011-03-02T16:21:56Z
dc.date.available 2011-03-02T16:21:56Z
dc.date.issued 2011 en_US
dc.identifier.uri https://hdl.handle.net/10535/7082
dc.description.abstract "In her path-breaking work Elinor Ostrom provides theoretical and empirical evidence suggesting that individuals often overcome the problem of collective action and arrange privately for the provision and allocation of public goods, including informal property rights. Ostrom has also found that local experimentation and self-governance often produce more effective results than rulemaking by the state. In his Coase Theorem, Ronald Coase arrives at a somewhat similar conclusion. Ostrom and Coase both recognize that high transaction costs can block private rule making. The new literature on institutions, however, has jettisoned the model of a benevolent welfare maximizing state. For instance, the state does not as a rule assign the license to create property rights to those who are most likely to provide effcient solutions. Still, private individuals often fnd various opportunities to supply their own informal rules and governance systems. In this paper, I examine recent evolution of property rights in Iceland’s national health records. My fndings a) support the hypothesis that the demand for exclusive and well-defned property rights depends directly on the value of the assets in question; b) show that de facto rights, which are the effective economic property rights, can deviate from the corresponding de jure rights; c) demonstrate the relevance of the Coase--Ostrom insight concerning the role of private ordering; and d) provide evidence that competition between mental models can have a major role in the evolution of property rights." en_US
dc.language English en_US
dc.subject Coase theorem en_US
dc.subject Ostrom, Elinor en_US
dc.subject property rights en_US
dc.title The Evolution of Property Rights: The Strange Case of Iceland's Health Records en_US
dc.type Journal Article en_US
dc.type.published published en_US
dc.type.methodology Case Study en_US
dc.coverage.region Europe en_US
dc.coverage.country Iceland en_US
dc.subject.sector Theory en_US
dc.identifier.citationjournal International Journal of the Commons en_US
dc.identifier.citationvolume 5 en_US
dc.identifier.citationpages 50-65 en_US
dc.identifier.citationnumber 1 en_US
dc.identifier.citationmonth Feb. en_US

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