Martin Kolmar, Kristoffel Grechenig
The State's Enforcement Monopoly and the Private Protection of Property
Veröffentlicht auf Englisch.
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- 10.1628/093245614X13871984731004
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The modern state has monopolized the legitimate use of force. This concept is twofold. First, the state is empowered with enforcement rights; second, the rights of the individuals are restricted. In a simple model of property rights with appropriation and defense activity, we show that a restriction of private enforcement is beneficial for the property owner, even if there are no economies of scale from public protection. We emphasize the role of the state as a commitment device for a certain level of enforcement. However, commitment will only work if the state can regulate private protection, such as private armies and mercenaries.