Institutional Examination of Issues in Property Rights Policy Making, Case Study: Oil Industry in Iran

There is no doubt that any policy – making in oil industry will be closely tied to property rights. In the meantime, in the Institutional Analysis and Development Framework (IAD), as one of the most important approaches in the law and economics field, on one hand, like other institutional schools, any explanation of property rights is provided to responding of what the property rights is and knowing of owners, and in other hand, in policy- making subject, it emphasize on the understanding of the issues of any economic environment. So, by one interdisciplinary research based on law, economics and policy- making, we can say, policy- making in property rights of oil industry in Iran, that rents and privileges distribution in this industry depend on it, is subjected to proper reading of what property rights is and understanding of the property rights issues in the context of oil industry. For this reason, in this research, by analytical method and based on IAD Capacities, in addition to explanation of property rights situation in oil industry of Iran in the upstream and downstream sectors, it is tried to suggest a model of the property rights issues in the oil industry of Iran. As will be seen, by the interaction of sets of institutional and non-institutional variables, property rights situation is formed due to 13 specified path, that explain the property rights issues in oil industry of Iran and so, any policy – making in the property rights needs to focus on this thirteen’s path.