caa a22 4500 606168656 CHVBK 20210128100708.0 cr unu---uuuuu 210128e20151001xx s 000 0 eng 10.1007/s11127-015-0293-4 doi (NATIONALLICENCE)springer-10.1007/s11127-015-0293-4 Salter Alexander Rawls College of Business, Texas Tech University, 703 Flint Ave, 79424, Lubbock, TX, USA aut Sovereignty as exchange of political property rights [Elektronische Daten] [Alexander Salter] I develop a positive theory of sovereignty that is rooted in political exchange. The key concept I use to characterize sovereignty is self-enforcing exchange of political rights. I conclude that a sovereign is an individual or body party to political exchange that does not rest on third-party enforcement. Importantly, sovereignty is an emergent phenomenon, defined in the process of bargains between holders of political power. I describe how political bargains within and across polities influences the distribution of political rights characterized by sovereignty, and I conclude by showing how my conception of sovereignty is compatible with theoretical understanding, and practical existence, of polycentric governance. Springer Science+Business Media New York, 2015 Anarchy nationallicence Catallaxy nationallicence Constitutions nationallicence Politics as exchange nationallicence Polycentricity nationallicence Sovereignty nationallicence Public Choice Springer US; http://www.springer-ny.com 165/1-2(2015-10-01), 79-96 0048-5829 165:1-2<79 2015 165 11127 https://doi.org/10.1007/s11127-015-0293-4 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s11127-015-0293-4 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Salter Alexander Rawls College of Business, Texas Tech University, 703 Flint Ave, 79424, Lubbock, TX, USA aut NATIONALLICENCE 773 0- Public Choice Springer US; http://www.springer-ny.com 165/1-2(2015-10-01), 79-96 0048-5829 165:1-2<79 2015 165 11127