Article summary
How does asset mobility affect the provision of property rights, and whose preferences matter? This research note develops a formal model that highlights how owners of more mobile assets may have weaker incentives for property‑rights enforcement, and how asset mobility can alter competitive dynamics among heterogeneous firms. Amy Pond evaluates these model implications using survey data from business executives in Latin America and cross‑national, time‑series evidence on firm profits, aiming to reconcile literatures on firm heterogeneity and property‑rights development.
