Centre for Development Economics
and
Department of Economics, Delhi School of Economics
ANNOUNCE A SEMINAR
Public Provision of Security
in an Insecure Property Rights Environment
by
Subhra K. Bhattacharya
Assistant Professor
Shiv Nadar University, Greater Noida (UP)
Thursday, July 26, 2012 at 3:00 p.m.
Venue : AMEX Conference Room (Second Floor)
Department of Economics, Delhi School of Economics
All are cordially invited
Abstract
Why do some economies remain technologically backward even when technologies on the frontier are available for adoption, virtually freely? If institutions are fragile and property rights insecure, potential adopters of frontier technologies may be dissuaded if adoption leads to increased ex-post conflict over rightful shares to the higher returns. In such a setting, publicly funded protection of private property rights may successfully support the adoption of best-available technologies as a Nash equilibrium. The movement to more secure property rights may or may not be welfare-enhancing.