Fenske, James (2012): Imachi Nkwu: Trade and the commons.
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The conventional view is that an increase in the value of a natural resource can lead to private property over it. Many Igbo groups in Nigeria, however, curtailed private rights over palm trees in response to the palm produce trade of the nineteenth and early twentieth centuries. I present a simple game between a resource owner and a thief. An increase in the resource price leads the owner to prefer a communal harvesting arrangement that simplifies monitoring, leaving the thief no worse off. I use this model along with colonial court records to explain property disputes in interwar Igboland.
|Item Type:||MPRA Paper|
|Original Title:||Imachi Nkwu: Trade and the commons|
|Keywords:||Property rights, trade, commons, Nigeria, Igbo|
|Subjects:||N - Economic History > N5 - Agriculture, Natural Resources, Environment, and Extractive Industries > N57 - Africa; Oceania
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O10 - General
|Depositing User:||James Fenske|
|Date Deposited:||01. Oct 2012 13:24|
|Last Modified:||12. Feb 2013 05:38|
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Imachi Nkwu: Trade and the commons. (deposited 18. Feb 2012 20:04)
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