Fenske, James (2012): Imachi Nkwu: Trade and the commons.
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Abstract
The conventional view is that an increase in the value of a natural resource will lead private property to emerge. 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 property owner and a potential thief in which an increase in the price of a natural resource makes it possible to introduce regulated communal tenure. This makes the property owner better off, leaving the thief as well off as under private property. I use this model along with colonial court records to explain the political economy of property disputes in interwar Igboland.
Item Type: | MPRA Paper |
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Original Title: | Imachi Nkwu: Trade and the commons |
Language: | English |
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, Innovation, Technological Change, and Growth > O1 - Economic Development > O10 - General |
Item ID: | 36759 |
Depositing User: | James Fenske |
Date Deposited: | 18 Feb 2012 20:04 |
Last Modified: | 29 Sep 2019 13:00 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/36759 |
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- Imachi Nkwu: Trade and the commons. (deposited 18 Feb 2012 20:04) [Currently Displayed]