Economic analysis of property rights / Yoram Barzel.

Por: Barzel, YoramTipo de material: Texto

TextoSeries Political economy of institutions and decisionsDetalles de publicación: Cambridge ; New York : Cambridge University Press, 1997Edición: 2nd edDescripción: xi, 161 p. : il. ; 24 cmISBN: 0521592755 (hardback); 9780521592758 (hardback); 0521597137 (pbk.); 9780521597135 (pbk.); 0521364094 (hardback); 9780521364096 (hardback); 0521367042 (pbk.); 9780521367042 (pbk.)Tema(s): Property | Right of propertyClasificación CDD: 330.1/7 Clasificación LoC:HB701 | .B37 1997Otra clasificación: 83.19 | 86.03

Contenidos:

1. The property rights model -- 2. The public domain: Rationing by waiting and price controls -- 3. Contract choice: The tenancy contract -- 4. Divided ownership -- 5. The old firm and the new organization -- 6. The formation of rights -- 7. Slavery -- 8. Wealth-maximizing constraints on property rights -- 9. Property rights and non-market allocation -- 10. Additional property rights applications -- 11. The property rights model: Recapitulation.

Resumen: This is a study of the way people organize the use of resources in order to maximize the value of their economic rights over these resources. A person's economic property rights over an asset are defined here as the person's ability to gain from the asset by direct consumption or by exchange. It is prohibitively costly to measure accurately all assets' attributes; therefore, rights to them are never fully delineated. Property is consequently in danger of appropriation by others - by theft and also by excessive choosing, adverse selection, free riding, and shirking. Individuals enhance their rights (incurring transaction costs) by the protection and better delineation of their assets. In this new edition, Professor Barzel devotes a separate chapter to the firm and emphasizes the central role of equity capital as guarantor of the activities of the firm. In addition, he elaborates on the distinction between economic and legal rights and discusses the emergence of the state.

Existencias ( 1 )
Notas de título ( 4 )

Existencias
Tipo de ítem	Biblioteca actual	Colección	Signatura	Copia número	Estado	Fecha de vencimiento	Código de barras
Libro	Biblioteca Central Tijuana	Acervo General	HB701 B37 1997 (Browse shelf(Abre debajo))	1	Disponible		TIJ078139

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Incluye referencias bibliográficas (p. 154-157) e índice.

This is a study of the way people organize the use of resources in order to maximize the value of their economic rights over these resources. A person's economic property rights over an asset are defined here as the person's ability to gain from the asset by direct consumption or by exchange. It is prohibitively costly to measure accurately all assets' attributes; therefore, rights to them are never fully delineated. Property is consequently in danger of appropriation by others - by theft and also by excessive choosing, adverse selection, free riding, and shirking. Individuals enhance their rights (incurring transaction costs) by the protection and better delineation of their assets. In this new edition, Professor Barzel devotes a separate chapter to the firm and emphasizes the central role of equity capital as guarantor of the activities of the firm. In addition, he elaborates on the distinction between economic and legal rights and discusses the emergence of the state.