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Other titles in the Political Economy of Institutions and Decisions series:

Economic Analysis of Property Rights (Political Economy of Institutions and Decisions)

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Economic Analysis of Property Rights (Political Economy of Institutions and Decisions) Cover

 

Synopses & Reviews

Publisher Comments:

This study offers a unified theoretical structure to analyze exchange, formation of economic rights, and organization. The cost of measuring accurately all assets' attributes is prohibitive. Therefore, rights are never fully delineated and others (using theft, adverse selection, free riding, and shirking) may appropriate one's assets. The central question is how people allocate resources and organize their activities to maximize the value of their rights. The approach emphasizes nonmarket constraints, but is also applicable to market economies. It is useful for analyzing allocations within organizations as well as allocation by voting and charity. Chapters have been extended for this second edition and a new chapter devoted to the firm has been added.

Synopsis:

This is a study of the way individuals organise the use of resources in order to maximise the value of their economic rights over these resources.

Table of Contents

Introduction; 1. The property rights model; 2. The public domain: rationing by waiting and price controls; 3. Contract choice: the tenancy contract; 4. Divided ownership; 5. The old firm and the new organization; 6. The formation of rights; 7. Slavery; 8. Wealth maximization constraints on property rights; 9. Property rights and non-market allocation; 10. Additional property rights applications; 11. The property rights model: recapitulation; References.

Product Details

ISBN:
9780521597135
Editor:
Calvert, Randall
Editor:
Eggertsson, Thrainn
Editor:
Calvert, Randall
Editor:
Eggertsson, Thrainn
Author:
Barzel, Yoram
Author:
Eggertsson, Thrainn
Author:
Calvert, Randall
Publisher:
Cambridge University Press
Location:
New York
Subject:
Economics
Subject:
Economic Policy
Subject:
Legal History
Subject:
Property
Subject:
Economics - Theory
Subject:
Right of property
Subject:
Economics - General
Subject:
Public Policy - Economic Policy
Subject:
Politics - General
Edition Number:
2
Edition Description:
Trade paper
Series:
Political Economy of Institutions and Decisions
Publication Date:
19970431
Binding:
TRADE PAPER
Grade Level:
Professional and scholarly
Language:
English
Illustrations:
7 b/w illus.
Pages:
176
Dimensions:
8.95x6.05x.43 in. .53 lbs.

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Related Subjects

History and Social Science » Economics » General
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History and Social Science » Linguistics » General
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Reference » Words Phrases and Language

Economic Analysis of Property Rights (Political Economy of Institutions and Decisions) New Trade Paper
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Product details 176 pages Cambridge University Press - English 9780521597135 Reviews:
"Synopsis" by , This is a study of the way individuals organise the use of resources in order to maximise the value of their economic rights over these resources.
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