Benito Arruñada - Universitat Pompeu Fabra
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El populista manipula els pitjors instints del ciutadà per convertir-lo en la seva titella, però qui fan creïble el seu discurs és l'intel·lectual que predica un cabal incessant de crítiques maniquees
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Com modelar la propietat? Pensant amb els meus crítics

 
Arruñada, Benito (2017), “How Should We Model Property? Thinking with My Critics”, Journal of Institutional Economics, 13(4), 815-27.
 
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  Inspired by comments made by Allen (2017), Lueck (2017), Ménard (2017) and Smith (2017), this response clarifies and deepens the analysis in Arruñada (2017a). Its main argument is that to deal with the complexity of property we must abstract secondary elements, such as the physical dimensions of some types of assets, and focus on the interaction between transactions. This sequential-exchange framework captures the main problem of property in the current environment of impersonal markets. It also provides criteria to compare private and public ordering, as well as to organize public solutions that enable new forms of private ordering. The analysis applies the lessons in Coase (1960) to property by not only comparing realities but also maintaining his separate treatment of the definition of property rights and transaction costs. However, it replaces his contractual, single-exchange, framework for one in which contracts interact, causing exchange externalities.  
 
 
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