Property Rights and Institutions: Congress and the California Land Act 1851
研究了美国1848年从墨西哥获得加州后,国会如何选择制度来管理土地产权过渡,发现所选制度平衡了联邦政府、土地所有者与定居者的利益,且比以往制度更有效率。
Governments frequently establish institutions to govern the transition in property rights when they acquire territory or experience radical changes in political regimes. By examining a specific example—the United States' acquisition of California from Mexico in 1848, this article investigates general questions about these institutions and institutional choice. The article fmds that the specific institution that Congress chose for California best balanced the interests of the federal government, American owners of land grants, and American squatters and settlers. Further, despite the lobbying, litigation, and delay associated with the institution, the institution was more efficient than prior institutions.