Economic Analysis of Property Rights - Couverture rigide

Barzel, Yoram

Couverture rigide

ISBN 10 : 0521364094 ISBN 13 : 9780521364096

Editeur : Cambridge University Press, 1989

Synopsis

In this text the author develops a theory of the costliness of transactions and then integrates this theory into a model of property rights. He demonstrates its utility by applying these models to problems that include rights formation, slavery and resource allocation in non-market settings.

A propos du livre

Présentation de l'éditeur

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. Property rights and all forms of organisation result from people's deliberate actions. In the tradition of Coase, this study offers a unified theoretical structure to deal with exchange, rights formation and organisation which traditional economic theory assumes away. A person's economic property rights over an asset are defined here as the person's ability to gain from the asset by direct consumption or by exchange. It is prohibitively costly to measure accurately all assets' attributes; therefore, rights to them are never fully delineated. Property is consequently in danger of appropriation by others. Individuals enhance their rights by such actions as the protection and better delineation of their assets. In this new edition, Professor Barzel introduces the central role of equity capital as a guarantor of the activities of the firm and elaborates on the distinction between economic rights and legal rights.

Détails de l'édition

• Éditeur: Cambridge University Press
• Date d'édition: 1989
• Langue: anglais
• ISBN 10: 0521364094
• ISBN 13: 9780521364096
• Reliure: Relié
• Nombre de pages: 134
• Coordonnées du fabricant: non disponible
• Personne responsable: Avery; https://www.avery.fr/; ; chemin des peupliers 27; Dardilly; France