Replication data for: Historical Property Rights, Sociality, and the Emergence of Impersonal Exchange in Long-Distance Trade
Principal Investigator(s): View help for Principal Investigator(s) Erik O. Kimbrough; Vernon L. Smith; Bart J. Wilson
Version: View help for Version V1
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Project Citation:
Kimbrough, Erik O., Smith, Vernon L., and Wilson, Bart J. Replication data for: Historical Property Rights, Sociality, and the Emergence of Impersonal Exchange in Long-Distance Trade. Nashville, TN: American Economic Association [publisher], 2008. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113239V1
Project Description
Summary:
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This laboratory experiment explores the extent to which impersonal exchange
emerges from personal exchange with opportunities for long-distance trade.
We design a three-commodity production and exchange economy in which
agents
in three geographically separated villages must develop multilateral
exchange networks to import a good only available abroad. For treatments,
we induce two distinct institutional histories to investigate how past
experience with property rights affects the evolution of specialization
and exchange. We find that a history of unenforced property rights hinders
our subjects' ability to develop the requisite personal social
arrangements to support specialization and effectively exploit impersonal
long-distance trade.
Scope of Project
JEL Classification:
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D51 Exchange and Production Economies
P14 Capitalist Systems: Property Rights
D51 Exchange and Production Economies
P14 Capitalist Systems: Property Rights
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