Economic analysis of property rights

書誌事項

Economic analysis of property rights

Yoram Barzel, Douglas W. Allen

(Political economy of institutions and decisions)

Cambridge University Press, 2023

3rd ed

  • : hardback

この図書・雑誌をさがす
注記

Includes bibliographical references (p. 261-272) and index

内容説明・目次

内容説明

The standard neoclassical model of economics is incapable of explaining why one form of organization arises over another. It is a model where transaction costs are implicitly assumed to not exist; however, transaction costs are here defined as the costs of strengthening a given distribution of economic property rights, and they always exist. Economic Analysis of Property Rights is a study of how individuals organise resources to maximise the value of their economic rights over these resources. It offers a unified theoretical structure to deal with exchange, rights formation, and organisation that traditional economic theory often ignores. It explains how transaction costs can be reduced through reorganization and, in the end, how the distribution of property rights that exists is the one that maximizes wealth net of these transaction costs. This necessary hypothesis explains much of the puzzling organizations and institutions that exist now and have existed in the past.

目次

  • Part I. Conceptual Issues: 1. The Neoclassical Problem
  • 2. Economic Property Rights
  • 3 : Transaction Costs
  • 4. Information Costs
  • 5. The Theory of Economic Property Rights
  • Part II. Contracts, Organizations, and Institutions: 6. Exchange, Contracts, and Contract Choice
  • 7. Divided Ownership and Organization
  • 8. Institutions
  • Part III. Establishing Property Rights: 9. Capture in the Public Domain
  • 10. Forming Property Rights
  • 11. Benefits of the Public Domain
  • Part IV. Non Price Allocation and Other Issues: 12. Non-wage Labor Markets
  • 13. Property Rights in Non-Market Allocations
  • 14. Additional Property Rights Applications
  • 15. The Property Rights Model
  • Bibliography
  • Index.

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詳細情報
  • NII書誌ID(NCID)
    BD02406577
  • ISBN
    • 9781009374736
  • LCCN
    2023007396
  • 出版国コード
    uk
  • タイトル言語コード
    eng
  • 本文言語コード
    eng
  • 出版地
    Cambridge
  • ページ数/冊数
    xvii, 277 p.
  • 大きさ
    24 cm
  • 分類
  • 件名
  • 親書誌ID
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