User profiles for Dean Lueck

Dean Lueck

Professor of Economics & Ostrom Workshop, Indiana University
Verified email at indiana.edu
Cited by 5361

The rule of first possession and the design of the law

D Lueck - The Journal of Law and Economics, 1995 - journals.uchicago.edu
Economists have shown that first possession might cause rent dissipation from racing or
overexploitation. In this study, I develop models that show how dissipation can be avoided and …

Contract choice in modern agriculture: cash rent versus cropshare

D Allen, D Lueck - The Journal of Law and Economics, 1992 - journals.uchicago.edu
Economists have expended enormous effort examining the rationale for various contractual
arrangements in agriculture, particularly sharecropping. While economists have made …

Preemptive habitat destruction under the Endangered Species Act

D Lueck, JA Michael - The Journal of Law and Economics, 2003 - journals.uchicago.edu
This paper examines the extent to which landowners have preemptively destroyed habitat
for the endangered red‐cockaded woodpeckers (RCWs) in the forests of North Carolina in …

Risk preferences and the economics of contracts

DW Allen, D Lueck - The American Economic Review, 1995 - JSTOR
"[T] he literature of risk aversion and risk preference [is] one of the richest sources of ad hoc
assumptions con-cerning tastes....[N] o significant behavior has been illuminated by …

Transaction costs and the design of cropshare contracts

DW Allen, D Lueck - The RAND Journal of Economics, 1993 - JSTOR
Modern cropshare contracts are explained using a model in which agents are risk neutral
and contract rules are chosen to maximize expected joint wealth. It is shown that the farmer …

Land tenure and agricultural productivity on Indian reservations

TL Anderson, D Lueck - The Journal of Law and Economics, 1992 - journals.uchicago.edu
Agricultural success stories are the exception on Indian reservations, where potentially
productive land often sits idle, growing weeds and eroding. Despite abundant natural resources, …

The nature of the farm

DW Allen, D Lueck - The Journal of Law and Economics, 1998 - journals.uchicago.edu
Using a model based on a trade‐off between moral hazard incentives and gains from
specialization, this paper explains why farming has generally not converted from small, family‐…

The economic nature of wildlife law

D Lueck - The Journal of Legal Studies, 1989 - journals.uchicago.edu
LAWS are endogenous economic variables determined by relative costs and values. They
are one means by which property rights are specified. Wildlife laws, for example, are …

The demarcation of land and the role of coordinating property institutions

GD Libecap, D Lueck - Journal of Political Economy, 2011 - journals.uchicago.edu
We use a natural experiment in nineteenth-century Ohio to analyze the economic effects of
two dominant land demarcation regimes, metes and bounds (MB) and the rectangular system …

[BOOK][B] The nature of the farm: contracts, risk, and organization in agriculture

DW Allen, D Lueck - 2004 - books.google.com
The Nature of the Farm is a theoretical and empirical study of contracts and organization in
agriculture based on the transaction cost framework. Transaction costs are important in …