Economic Analysis of Property Rights

Häftad, 1997

Av Yoram (University of Washington) Barzel

449 kr

Slutsåld

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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