Economic Analysis of Property Rights

Author: Yoram Barzel

Publisher: Cambridge University Press

ISBN: 9780521597135

Category: Business & Economics

Page: 161

View: 8385

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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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Institutions, Property Rights, and Economic Growth

The Legacy of Douglass North

Author: Sebastian Galiani,Itai Sened

Publisher: Cambridge University Press

ISBN: 1139916742

Category: Business & Economics

Page: N.A

View: 6188

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This volume showcases the impact of the work of Douglass C. North, winner of the Nobel Prize and father of the field of new institutional economics. Leading scholars contribute to a substantive discussion that best illustrates the broad reach and depth of Professor North's work. The volume speaks concisely about his legacy across multiple social sciences disciplines, specifically on scholarship pertaining to the understanding of property rights, the institutions that support the system of property rights, and economic growth.
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Contracting for Property Rights

Author: Gary D. Libecap

Publisher: Cambridge University Press

ISBN: 9780521449045

Category: Business & Economics

Page: 132

View: 6354

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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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The Construction of Property

Norms, Institutions, Challenges

Author: Amnon Lehavi

Publisher: Cambridge University Press

ISBN: 1107276772

Category: Law

Page: N.A

View: 1123

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The Construction of Property identifies the structural and institutional foundations of property, and explains how these features can accommodate various normative agendas. Offering rich and cutting-edge analysis, the book studies the spectrum of property regimes including private, common and public property as well as innovative forms of property hybrids such as US-style residential community associations, the British Private Finance Initiative, the Israeli Renewing Kibbutz, community land trusts and grassroots phenomena of property ordering in publicly-owned open spaces. It also investigates the protagonists of property beyond the individual and the state, identifying the key role that community organisations and business corporations play for both the private and public aspects of property. The book then addresses property's greatest challenge: the move from a largely domestic legal construct into one that accommodates the increasing social and economic forces of globalisation.
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U.S. Energy Policy and the Pursuit of Failure

Author: Peter Z. Grossman

Publisher: Cambridge University Press

ISBN: 1107328268

Category: Business & Economics

Page: N.A

View: 5238

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U.S. Energy Policy and the Pursuit of Failure is an analytic history of American energy policy. For the past forty years, the U.S. government has tried to develop comprehensive policies on energy, yet these efforts have failed repeatedly. These failures have not resulted from a lack of will or funds but rather from an inability to differentiate between what could be undertaken and what could actually be accomplished. This book explains how and why various policy efforts have come about, shows why politicians have been eager to back them, and analyzes why they have inevitably failed. Over the past four decades, U.S. energy policy makers have pursued not just policies that have failed but also a policy process that leads to failure.
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The Transformation of Property Rights in the Gold Coast

An Empirical Study Applying Rational Choice Theory

Author: Kathryn Firmin-Sellers

Publisher: Cambridge University Press

ISBN: 9780521039352

Category: Law

Page: 216

View: 986

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This book explores the political process by which property rights are defined and enforced in two traditional states in colonial Ghana. The case studies within the book ask how colonial institutions transformed indigenous political and economic life; and how colonization and decolonization affected prospects for future economic development and stability in Africa. The introductory chapter outlines a theory of the transformation of property rights system while the remaining empirical chapters refine this theory through a detailed analysis of the transformation of property rights within an African context.
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Empirical Studies in Institutional Change

Author: Lee J. Alston,Þráinn Eggertsson,Thrainn Eggertsson,Douglass C. North

Publisher: Cambridge University Press

ISBN: 9780521557436

Category: Business & Economics

Page: 360

View: 344

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This collection of empirical studies analyses historical and contemporary institutions and institutional change in various parts of the world.
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Managerial Dilemmas

The Political Economy of Hierarchy

Author: Gary J. Miller,Robert William Smith

Publisher: Cambridge University Press

ISBN: 9780521457699

Category: Business & Economics

Page: 508

View: 388

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Managerial Dilemmas extends the use of analytical techniques from organisational economics to the spheres of organisational culture and leadership in politics and business.
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