Economic Analysis of Property Rights

Author: Yoram Barzel

Publisher: Cambridge University Press

ISBN: 9780521597135

Category: Business & Economics

Page: 161

View: 8342

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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

View: 2465

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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: 3870

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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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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: 8894

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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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Contracting for Property Rights

Author: Gary D. Libecap

Publisher: Cambridge University Press

ISBN: 9780521449045

Category: Business & Economics

Page: 132

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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 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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The Economics of Property Rights

Towards a Theory of Comparative Systems

Author: S. Pejovich

Publisher: Springer Science & Business Media

ISBN: 0585285578

Category: Business & Economics

Page: 204

View: 7207

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To understand recent developments in Eastern Europe requires a method of analysis that is capable of internalizing into a theoretical framework (i) the logical premises deduced from the costs of transactions and incentive structures generated by various institutions and (ii) the evidence for refutable implications of those premises. The economics of property rights is such a theory. It expands the scope of the ability of economic analysis to explain a wide range of institutional structures and provides empirical corroboration of its logical implications. The economics of property rights is, then, an effective scholarly instrument that offers more significant understanding of the three current issues in the area of comparative economic studies: (i) evaluating the performance of alternative institutional arrangements, (ii) explaining the failure of socialist institutions in Eastern Europe, and (iii) identifying the costs (political as well as economic) of institutional reforms in that part of the world. In that sense, the book is both timely and relevant. In the late 1980s East Europeans crossed the threshold of fear and forced their leaders to abandon Marxism. With that theory of history dead and buried, the cost of current sacrifices in the pursuit of socialism has risen relative to the present value of its expected future benefits.
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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: 572

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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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