Economic Analysis of Property Rights

Author: Yoram Barzel

Publisher: Cambridge University Press

ISBN: 9780521597135

Category: Business & Economics

Page: 161

View: 5985

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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.
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The Political Economy of Property Rights

Institutional Change and Credibility in the Reform of Centrally Planned Economies

Author: David L. Weimer,Randall L. Calvert,Thrainn Eggertsson

Publisher: Cambridge University Press

ISBN: 9780521581011

Category: Business & Economics

Page: 363

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A 1997 investigation of the transformation of property rights in post-communist countries and China.
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Institutions and Sustainability

Political Economy of Agriculture and the Environment - Essays in Honour of Konrad Hagedorn

Author: Volker Beckmann,Martina Padmanabhan

Publisher: Springer Science & Business Media

ISBN: 1402096909

Category: Business & Economics

Page: 388

View: 4124

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From the first vague idea to use Konrad Hagedorn’s 60th birthday as an inspi- tion for taking stock of his vibrant academic contributions, this joint book project has been a great pleasure for us in many ways. Pursuing Hagedorn’s intellectual development, we have tried to reflect on the core questions of humanity according to Ernst Bloch “Who are we?”, “Where do we come from?” and “Where are we heading?” In this way, and without knowing it, Konrad Hagedorn initiated a c- lective action process he would have very much enjoyed ... if he had been allowed to take part in it. But it was our aim and constant motivation to surprise him with this collection of essays in his honour. Konrad Hagedorn was reared as the youngest child of a peasant family on a small farm in the remote moorland of East Frisia, Germany. During his childhood in the poverty-ridden years after the Second World War, he faced a life where humans were heavily dependent on using nature around them for their livelihoods; meanwhile, he learned about the fragility of the environment. As a boy, he - tended a one-room schoolhouse, where his great intellectual talents were first r- ognised and used for co-teaching his schoolmates. These early teaching expe- ences might have laid the foundations for his later becoming a dedicated lecturer and mentor.
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Economic Analysis of Institutions and Systems

Author: S. Pejovich

Publisher: Springer Science & Business Media

ISBN: 9401164835

Category: Business & Economics

Page: 235

View: 1421

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Economic Analysis of Institutions and Systems aims to redirect the study of what was previously referred to as comparative economic systems toward analysis of the history and development of institutions, and the effects of alternative institutional arrangements on economic behavior. To this end, the book internalizes into a theoretical framework: (i) the effects of alternative institutions on the costs of transactions and incentive structures; (ii) the effects of the costs of transactions and incentives on economic behavior, and (iii) the evidence for refutable implications of those effects. In the process, it provides the logical premises for various institutions from which refutable implications can be deduced.
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The Oxford Handbook of Political Economy

Author: Ward C Krebs Family Professor of Political Science Barry R Weingast,Barry R. Weingast,Donald A. Wittman,Barry E. Weingast

Publisher: Oxford University Press, USA

ISBN: 9780199272228

Category: Political Science

Page: 1093

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Over its lifetime, 'political economy' has had different meanings. This handbook views political economy as a synthesis of the various strands of social science, treating it as the methodology of economics applied to the analysis of political behaviour and institutions.
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Political Economy: Institutions, Competition and Representation

Proceedings of the Seventh International Symposium in Economic Theory and Econometrics

Author: International Symposium in Economic Theory and Econometrics (7, 1991, Saint Louis, Mo.)

Publisher: Cambridge University Press

ISBN: 9780521428316

Category: Business & Economics

Page: 522

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This volume documents recent advances in the development of concepts and methods in political economy.
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Contracting for Property Rights

Author: Gary D. Libecap

Publisher: Cambridge University Press

ISBN: 9780521449045

Category: Business & Economics

Page: 132

View: 4808

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In this book the author examines the problems encountered in negotiations among claimants and the political and economic considerations that influence property rights arrangements. The histories of mineral rights, rights to range and timber land, and fishery and crude oil production rights in the United States are examined and reveal a surprising variety of contractual negotiations and economic outcomes. The author concludes that in addition to an analysis of distributional outcomes, an examination of the details of the political bargaining underlying property rights contracts is essential to an understanding of why rights emerge as they do. The book is an important contribution to both property rights theory and to American economic history.
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Institutions and Economic Theory

The Contribution of the New Institutional Economics

Author: Eirik Grundtvig Furubotn,Rudolf Richter

Publisher: University of Michigan Press

ISBN: 9780472086801

Category: Business & Economics

Page: 556

View: 1425

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A comprehensive introduction to and critical assessment of the theory and applications of the New Institutional Economics.
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