Economic Analysis of Property Rights |
|
| Author:
| Barzel, Yoram |
| Series title: | Political Economy of Institutions and Decisions Ser. |
| ISBN: | 978-0-511-60939-8 |
| Publication Date: | Jun 2012 |
| Publisher: | Cambridge University Press
|
| Book Format: | Digital (delivered electronically) |
| List Price: | USD $225.00 |
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.
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.