The Evolution of Private Property in Nineteenth-Century Hawaii
研究了夏威夷在人口下降时期如何因市场机会和财政压力转向土地私有产权，对理解产权变革的动力有参考价值。
Population pressure has been identified as a major force behind the transition from traditional property rights in land to exclusive, transferable property rights. This article examines the case of Hawaii where the transition to private property in land occurred while its population was rapidly declining. That transition was driven by new market opportunities and considerations of public finance.The shift in comparative advantage to sugar production increased the rents associated with private land rights, while declining tax revenues prompted the king and his government to pursue property rights reform to gain additional revenues.