User profiles for Dean Lueck
Dean LueckProfessor 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 …
overexploitation. In this study, I develop models that show how dissipation can be avoided and …
Contract choice in modern agriculture: cash rent versus cropshare
Economists have expended enormous effort examining the rationale for various contractual
arrangements in agriculture, particularly sharecropping. While economists have made …
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 …
for the endangered red‐cockaded woodpeckers (RCWs) in the forests of North Carolina in …
Risk preferences and the economics of contracts
"[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 …
assumptions con-cerning tastes....[N] o significant behavior has been illuminated by …
Transaction costs and the design of cropshare contracts
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 …
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, …
productive land often sits idle, growing weeds and eroding. Despite abundant natural resources, …
The nature of the farm
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‐…
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 …
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 …
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
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 …
agriculture based on the transaction cost framework. Transaction costs are important in …