Economic Analysis of Property Rights

ISBN-13: 9781009374736 / Twarda / 2023 / 300 str.

British Columbia) Allen Douglas W. (Simon Fraser University

Opis

Economic property rights are the fundamental unit of economic analysis, necessary to resource allocation, organizations, and institutions.

Recenzje

'As is fitting for a Third Edition of Economic Analysis of Property Rights by Yoram Barzel and Douglas W. Allen, there is a lot to learn in this new volume. The authors have been leaders in the New Institutional Economics. They examine property rights, transaction costs, information costs, organizations, and institutions. They describe how these arrangements coordinate and direct economic behavior and impact human welfare. Global economic performance depends more upon property rights and related structures of production than upon demographic, intellectual, and natural resource endowments. The topics addressed in this new edition are critical for understanding why.' Gary D. Libecap, University of California, Santa Barbara, and National Bureau of Economic Research

Spis treści

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.