Author: Yoram Barzel
Publisher: Cambridge University Press
ISBN: 9780521597135
Category : Business & Economics
Languages : en
Pages : 180
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Book Description
This is a study of the way individuals organise the use of resources in order to maximise the value of their economic rights over these resources.
Author: Yoram Barzel
Publisher: Cambridge University Press
ISBN: 1009374753
Category : Business & Economics
Languages : en
Pages : 301
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Book Description
The standard neoclassical model of economics is incapable of explaining why one form of organization arises over another. It is a model where transaction costs are implicitly assumed to not exist; however, transaction costs are here defined as the costs of strengthening a given distribution of economic property rights, and they always exist. Economic Analysis of Property Rights is a study of how individuals organise resources to maximise the value of their economic rights over these resources. It offers a unified theoretical structure to deal with exchange, rights formation, and organisation that traditional economic theory often ignores. It explains how transaction costs can be reduced through reorganization and, in the end, how the distribution of property rights that exists is the one that maximizes wealth net of these transaction costs. This necessary hypothesis explains much of the puzzling organizations and institutions that exist now and have existed in the past.
Author: Boudewijn Bouckaert
Publisher: Edward Elgar Publishing
ISBN: 1849806519
Category : Law
Languages : en
Pages : 351
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Book Description
This book contains illuminating and carefully written literature reviews on the central topics of the economics of property rights and institutions. As a bonus, it includes two fascinating chapters on topics off the beaten path slavery and new types of property rights in environmental goods. This book will be indispensible for students and experienced scholars alike. Eric Posner, University of Chicago Law School, US This study covers property law and property rights, providing a full summary and comprehensive bibliography of the existing law, together with discussion from an economic perspective on the most important aspects of property law. Leading experts have brought together their knowledge and insight on a full range of issues including comparative property law and the history of property law to create a truly autonomous interdisciplinary resource. This essential reference work will strongly appeal to scholars and students enrolled in academic programmes of law and economics. Academic lawyers involved in research and teaching of private (common) law, practicing lawyers in the field of real estate law, as well as economists involved in researching development economics and transition economics will also find this an invaluable resource.
Author: Y. Barzel
Publisher:
ISBN:
Category :
Languages : en
Pages : 161
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Book Description
The property rights model; The public domain: Rationing by waiting and price controls; Contract choice: The tenancy contract; Divided ownership; The old firm and the new organization; The formation of rights; Slavery; Wealth-maximizing constraints on property rights; Property rights and non-market allocation; Additional property rights applications; The property rights model: Recapitulation.
Author: Svetozar Pejovich
Publisher:
ISBN:
Category : Right of property
Languages : en
Pages : 696
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Book Description
Author: Schäfer, Hans-Bernd
Publisher: Edward Elgar Publishing
ISBN: 0857935070
Category : Law
Languages : en
Pages : 648
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Book Description
This comprehensive textbook provides a thorough guide to the economic analysis of law, with a particular focus on civil law systems. It encapsulates a structured analysis and nuanced evaluation of norms and legal policies, using the tools of economic theory.
Author: Donatella Porrini
Publisher: Routledge
ISBN: 1134324634
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
Issues such as the patentability of scientific ideas, the market for organs and open source software are hotly debated and yet poorly understood. In particular, there is a great need for sound economic theorizing on such issues. There is also a need for a clear and concise exposition of the state-of-the-art of the economics of property rights. This book fulfils these various needs.
Author: Boudewijn R. A. Bouckaert
Publisher: Routledge
ISBN: 1317693906
Category : Business & Economics
Languages : en
Pages : 251
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Book Description
The discipline of law and economics has earned a reputation for developing plausible and empirically testable theories on the social functions and the impact of legal institutions. Property rights are a field in which this has been very successful. In this book, economic property rights theories are applied to case law in order to examine the practice and solution of real life conflicts. The author examines the economic problems which are dealt with in these cases and evaluate the courts’ decisions from an economic angle. Cases are examined from across the UK, the US, Germany, Belgium and Canada to allow international comparisons to be made. These comparisons reveal that, regardless of the legal system, many legal issues have similar economic roots and therefore similar models of economic analysis can be applied. The analysis of these cases also shows that the discipline of law and economics is not only successful in developing explanatory models but also useful to generate better considerations and solutions for legal conflicts in individual cases. This book aims to bridge the gap between the academic and professional literature and demonstrate the benefits of the economic analysis of property rights cases to all those who are interested in law and economics.
Author: Donald A. Wittman
Publisher: John Wiley & Sons
ISBN: 1405141921
Category : Business & Economics
Languages : en
Pages : 352
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Book Description
Providing students with a solid grounding in the economic analysis of the law, this reader brings together edited versions of diverse and challenging journal articles into a unified collection. Chosen to provoke thought and discussion, these carefully streamlined articles apply economic theories to many aspects of the law, from intellectual property, corporate finance, and contracts to property rights, family law, and criminal law. Provides real-life examples and implications of economic theory. Creates a unified vision of the law, showing the interconnections between the various fields. Covers a broad range of topics, from intellectual property and corporate finance to family and criminal law. Encourages intuitive understanding and applications of the economic principles, due to reduced mathematical content.
Author: Shawn Everett Kantor
Publisher: University of Chicago Press
ISBN: 9780226423753
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
After the American Civil War, agricultural reformers in the South called for an end to unrestricted grazing of livestock on unfenced land. They advocated the stock law, which required livestock owners to fence in their animals, arguing that the existing system (in which farmers built protective fences around crops) was outdated and inhibited economic growth. The reformers steadily won their battles, and by the end of the century the range was on the way to being closed. In this original study, Kantor uses economic analysis to show that, contrary to traditional historical interpretation, this conflict was centered on anticipated benefits from fencing livestock rather than on class, cultural, or ideological differences. Kantor proves that the stock law brought economic benefits; at the same time, he analyzes why the law's adoption was hindered in many areas where it would have increased wealth. This argument illuminates the dynamics of real-world institutional change, where transactions are often costly and where some inefficient institutions persist while others give way to economic growth.
