Status Quo Property Protection in Politico-Legal Systems

A-Tier
Journal: American Economic Review: Insights
Year: 2023
Volume: 5
Issue: 2
Pages: 191-206

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper models status quo (SQ) protection of property rights. A politico-legal system determines eligibility of citizen groups for protection. A ruling authority can reallocate property if and only if reallocation is preferable to the status quo for one such group. Along the solution path, SQ protections distort allocations across different assets and different property owners. Asset distortions vanish in the limit as the path converges to a stationary assignment. Ownership distortions vanish in the limit if no individuals belong to every eligible group. If the authority is self-interested, systemic protection of vulnerable groups may be welfare improving.

Technical Details

RePEc Handle
repec:aea:aerins:v:5:y:2023:i:2:p:191-206
Journal Field
General
Author Count
1
Added to Database
2026-01-25