Economic Analysis of Property Rights
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…
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Produktdetails
- ISBN: 978-1-316-04626-5
- EAN: 9781316046265
- Produktnummer: 19566506
- Verlag: Cambridge University Press
- Sprache: Englisch
- Erscheinungsjahr: 1997
- Seitenangabe: 0 S.
- Plattform: PDF
- Masse: 11'027 KB
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