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dc.contributor.authorHodgson, G.M.
dc.contributor.authorKnudsen, T.
dc.date.accessioned2011-03-08T15:59:02Z
dc.date.available2011-03-08T15:59:02Z
dc.date.issued2008
dc.identifier.citationHodgson , G M & Knudsen , T 2008 , ' The emergence of property rights enforcement in early trade : A behavioral model without reputational effects ' , Journal of Economic Behavior and Organization , vol. 68 , no. 1 , pp. 48-62 . https://doi.org/10.1016/j.jebo.2008.05.002
dc.identifier.issn0167-2681
dc.identifier.otherPURE: 82337
dc.identifier.otherPURE UUID: 934423d6-9c9b-4945-9af8-75e148f38541
dc.identifier.otherdspace: 2299/5452
dc.identifier.otherScopus: 50449109984
dc.identifier.urihttp://hdl.handle.net/2299/5452
dc.descriptionOriginal article can be found at: http://www.sciencedirect.com/ Copyright Elsevier
dc.description.abstractThe present article focuses on the conditions that allow governments to increase property rights protection because they expect enough income from such action. We develop a behavioral explanation, according to which the answer lies in the growth in the importance, size and wealth of merchant guilds in the medieval era in Western Europe as well as a somewhat surprising effect of volatile price structures. We add to prior research by showing that even uncoordinated embargo pressures among multiple guilds could get medieval rulers to offer high levels of property rights protection. © 2008 Elsevier B.V. All rights reserved.en
dc.format.extent15
dc.language.isoeng
dc.relation.ispartofJournal of Economic Behavior and Organization
dc.rightsOpen
dc.subjectagent-based model
dc.subjectinstitutions
dc.subjectguilds
dc.subjectproperty rights
dc.subjectproperty rights enforcement
dc.titleThe emergence of property rights enforcement in early trade : A behavioral model without reputational effectsen
dc.contributor.institutionGroup for Research in Organisational Evolution
dc.contributor.institutionHertfordshire Business School
dc.contributor.institutionSocial Sciences, Arts & Humanities Research Institute
dc.contributor.institutionCentre for Research on Management, Economy and Society
dc.contributor.institutionDepartment of Accounting, Finance and Economics
dc.description.statusPeer reviewed
dc.identifier.urlhttp://www.scopus.com/inward/record.url?partnerID=yv4JPVwI&eid=2-s2.0-50449109984&md5=f3a29069ea6d5e6e0578922adb5e080a
dc.relation.schoolHertfordshire Business School
dc.description.versiontypeFinal Accepted Version
dcterms.dateAccepted2008
rioxxterms.versionAM
rioxxterms.versionVoR
rioxxterms.versionofrecordhttps://doi.org/10.1016/j.jebo.2008.05.002
rioxxterms.typeJournal Article/Review
herts.preservation.rarelyaccessedtrue
herts.rights.accesstypeOpen


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