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PROPERTY RIGHTS and DECISION MAKING IN THE SOVIET UNION: INTERPRETING SOVIET ENVIRONMENTAL HISTORY
Author(s) -
Schap David
Publication year - 1988
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1111/j.1465-7295.1988.tb01503.x
Subject(s) - hierarchy , property (philosophy) , property rights , soviet union , context (archaeology) , democracy , degree (music) , law and economics , positive economics , economic system , political science , economics , political economy , law , politics , epistemology , history , philosophy , physics , archaeology , acoustics
Soviet history consists of two periods which differ according to degree of environmental concern. The difference is explainable in the context of a property‐rights analysis of the Soviet hierarchy. In a model in which membership in the hierarchy is understood as a quasi‐transferable property right, the degree of Soviet environmental conservation is directly related to the degree of stability of the hierarchy. Democratic institutions within the hierarchy serve to mitigate the informational problems that accompany collective decision making.