FAT Framework

For more information, see “An Endogenous Theory of Property Rights: Opening the Black Box of Institutions”, Journal of Peasant Studies, 2016, Vol. 43., No. 6, pp. 1121-1144

Random Question

How is credibility defined?

“Credibility is defined as the collective expression of the functionality of institutions, or, more specifically, the reflection of actors’ cumulative perceptions of endogenously emerged institutions as a common arrangement. This definition contains various critical elements. See P. Ho, “An Endogenous Theory of Property Rights”, Journal of Peasant Studies, 2016, 43/6, p. 1125.

“[C]redibility can be best conceptualized as a theoretical continuum that varies between “fully” or “partially credible” to “non-credible”, or even “empty institutions”, which exist on government, non-governmental, or firm paper only. That continuum is temporally and spatially determined, that is, an institution perceived as credible at one given time and location could well be entirely non-credible, thus empty, at another time and location, and vice versa.” See P. Ho, “The ‘Credibility Thesis’ and its Application to Property Rights: (In)secure Land Tenure and Social Welfare in China“, Land Use Policy, 2014, 40, Sept, p.16

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