formal/informal institutions

Homelessness, Property Rights, and Institutional Logics

We explore whether there is evidence of property rights amongst the homeless, and if so, how these rights are governed. We show that although the homeless are able to derive some value from assets, and can exclude other members of their community, these rights are precarious and dependent upon state agents not seizing the “property” and overriding the community’s rules of the game. The transferring of assets are especially curtailed.

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