The Virtuous Cycle of Property | Zendy

Marco Fabbri | Zendy; Giuseppe DariMattiacci | Zendy

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The Virtuous Cycle of Property

Author(s) -

Marco Fabbri,

Giuseppe DariMattiacci

Publication year - 2020

Publication title -

the review of economics and statistics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 8.999

H-Index - 165

eISSN - 1530-9142

pISSN - 0034-6535

DOI - 10.1162/rest_a_00905

Subject(s) - endowment , property rights , property (philosophy) , endowment effect , economics , microeconomics , control (management) , dictator game , dictator , scale (ratio) , public economics , political science , law , geography , philosophy , management , epistemology , politics , cartography

This paper shows that formalizing private property rights has a positive effect on the propensity to respect the property of others. We study a recent large-scale land tenure reform in West Africa that was the first of its kind to be implemented as a randomized control trial. Results of a modified dictator game show that the formalization of private property rights reduced an individual's willingness to take from others' endowment. We used additional experimental measures and postexperimental survey data to rule out alternative explanations for the observed behavior that do not imply a change in preferences.

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