[PDF.31cd] Economic Analysis of Property Rights (Political Economy of Institutions and Decisions)

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

[PDF.lo82] Economic Analysis of Property Rights (Political Economy of Institutions and Decisions)

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 | #1472067 in Books |  Cambridge University Press |  1997-04-13 | Original language:English | PDF # 1 |  8.98 x.39 x5.98l,.53 | File type: PDF | 176 pages

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||1 of 1 people found the following review helpful.| The basic question is "Who owns what?"|By Francesco Lovecchio|This book deals with the economic sense of property rights, in other words, "who owns what?". Property rights are not defined uniformly across cultures since societies have discretion as to how to define those rights. In fact, they are very often not perfectly delineated. People can delineate those rights under the s

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...

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