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dc.contributor.authorGrechenig, Kristoffelen_US
dc.contributor.authorKolmar, Martinen_US
dc.date.accessioned2011-10-17en_US
dc.date.accessioned2012-04-24T11:05:24Z-
dc.date.available2012-04-24T11:05:24Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/57503-
dc.description.abstractThe modern state has monopolized the legitimate use of force. This concept is twofold. First, the state is empowered with enforcement rights; second, the rights of the individuals are (partly) restricted. In a simple model of property rights with appropriation and defense activity, we show that a restriction of private enforcement is beneficial for the property owner, even if there are no economies of scale from public protection. We emphasize the role of the state as a commitment device for a certain level of enforcement. However, commitment will only work if the state can regulate private protection. A ban of private enforcement measures can even be beneficial in situations where there would be no private enforcement at first place because the shadow of defense has a negative impact on the investments in property rights infringements. From a legal perspective, our approach emphasizes a regulation of victim behavior as opposed to the standard approach which focuses on the regulation of criminal behavior.en_US
dc.language.isoengen_US
dc.publisherMax Planck Inst. for Research on Collective Goods Bonnen_US
dc.relation.ispartofseriesPreprints of the Max Planck Institute for Research on Collective Goods 2011,24en_US
dc.subject.jelK42en_US
dc.subject.jelP14en_US
dc.subject.jelP37en_US
dc.subject.jelP48en_US
dc.subject.jelN40en_US
dc.subject.ddc330en_US
dc.subject.keywordContestsen_US
dc.subject.keywordProperty Rightsen_US
dc.subject.keywordEnforcementen_US
dc.subject.keywordPrivate Protectionen_US
dc.subject.keywordLawen_US
dc.subject.stwEigentumsrechten_US
dc.subject.stwRechtsdurchsetzungen_US
dc.subject.stwStaatsgewalten_US
dc.subject.stwKriminalit├Ąten_US
dc.subject.stwTheorieen_US
dc.titleThe state's enforcement monopoly and the private protection of propertyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn670048933en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Preprints of the Max Planck Institute for Research on Collective Goods

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