Published December 1991
| Published
Journal Article
Open
Razorbacks, ticky cows, and the closing of the Georgia Open Range: The dynamics of institutional change uncovered
- Creators
- Kantor, Shawn Everett
Abstract
This article attempts to explain why the adoption of potentially productive institutions is delayed and why inefficient ones persist by exploring the dynamics of institutional change in a particular historical case-the closing of the Georgia open range in the late nineteenth century. A closed range policy would have generated net benefits for specific regions of Georgia, but distributional conflicts, coupled with high transaction costs, made a voluntary agreement to do that unattainable. The article describes the Georgia legislature's important role in facilitating the adoption of a policy that led to more rapid agricultural development in the postbellum period.
Additional Information
© 1991 The Economic History Association. I gratefully acknowledge financial support from the Alfred P. Sloan Foundation, the John Randolph Haynes and Dora Haynes Foundation, the Anna and James McDonnell Memorial Scholarship Fund, and the Division of the Humanities and Social Sciences at the California Institute of Technology. Lance Davis, Price Fishback, Avner Greif, Phil Hoffman, J. Morgan Kousser, John Ledyard, Gary Libecap, Roger Ransom, Paul Rhode, and Jean-Laurent Rosenthal have been particularly generous with the provision of comments and criticisms during my work on this article. Naturally, I am to blame for any of the shortcomings herein. Formerly SSWP 723Attached Files
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Additional details
- Eprint ID
- 83097
- Resolver ID
- CaltechAUTHORS:20171108-165400625
- Alfred P. Sloan Foundation
- John Randolph Haynes and Dora Haynes Foundation
- Anna and James McDonnell Memorial Scholarship Fund
- Caltech Division of Humanities and Social Sciences
- Created
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2017-11-16Created from EPrint's datestamp field
- Updated
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2019-10-03Created from EPrint's last_modified field