Economic Analysis of Property Rights (Political Economy of Institutions and Decisions) - Hardcover

Barzel, Yoram

 
9780521364096: Economic Analysis of Property Rights (Political Economy of Institutions and Decisions)

Synopsis

In this text the author develops a theory of the costliness of transactions and then integrates this theory into a model of property rights. He demonstrates its utility by applying these models to problems that include rights formation, slavery and resource allocation in non-market settings.

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Book Description

The cost of measuring accurately all assets' attributes is prohibitive. Therefore, rights are never fully delineated and others may appropriate one's assets. This study offers a unified theoretical structure to analyse exchange and formation of economic rights. The central question is how people allocate resources and organise their activities to maximise the value of their rights.

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Other Popular Editions of the Same Title

9780521367042: Economic Analysis of Property Rights (Political Economy of Institutions and Decisions)

Featured Edition

ISBN 10:  0521367042 ISBN 13:  9780521367042
Publisher: Cambridge University Press, 1989
Softcover