Modeling Foundations Of Economic Property Rights Theory

Author : Vesna Pasetta
Publisher : Springer Science & Business Media
ISBN 13 : 3540277846
Total Pages : 248 pages
Book Rating : 4.42/5 ( download)

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Download or read book Modeling Foundations of Economic Property Rights Theory written by Vesna Pasetta and published by Springer Science & Business Media. This book was released on 2006-03-30 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an introduction to the foundations of economic property rights t- ory (EPRT). In this volume, a ?rst step in the EPRT research program, rules concerningeconomicpropertyrights(e. p. r. s),entrepreneurialagreements,and enterprises are discussed. Introduced concept of e. p. r. s is an extension of the traditional concept of pairing of residual rights of control and residual rights of returns in the economic theory. Its importance in economics is generated fromageneralimpossibilityofmakingacompletecontract,concerninge. p. r. s, for any nontrivial economic transaction. The volume o?ers a theoretical - tension of mathematical economics, applying recent results of Hopf algebras, quasi-Hopf algebras, representation theory, theory of categories, and defor- tion theories, in looking for suitable mathematical methodology of economic property rights theories and foundations of general theory of economic agr- ments. The idea is to construct a kind of mathematical application in which any fundamental formal entity and/or operation has an empirical economic interpretation. This approach is seen as a way to cope with an extreme c- plexity of economic phenomena under consideration and requests for precise formulationofmodelswheremeaningfulanswersandsolutionsofproblemsare only those which are obtained rigorously. The proposed extensions in ma- ematical economics and property rights theory are to provide rich enough foundations to follow complexity of economic property rights in the exact way, and to identify where there is an appropriate method providing a- quate solution, and also to ?nd problems where in general there is no such methodology.

Author : Yoram Barzel
Publisher : Cambridge University Press
ISBN 13 : 1009374753
Total Pages : 301 pages
Book Rating : 4.50/5 ( download)

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Download or read book Economic Analysis of Property Rights written by Yoram Barzel and published by Cambridge University Press. This book was released on 2023-08-31 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Svetozar Pejovich
Publisher :
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.24/5 ( download)

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Download or read book The Economic Foundations of Property Rights written by Svetozar Pejovich and published by . This book was released on 1997 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Property rights form the relationship between individuals and their goods. They are the cornerstone of the pricing, supply and fair allocation of scarce resources between people. This is a collection of writings from the founders of the field, including James M. Buchanan and Douglass C. North.

Author : Bart J. Wilson
Publisher : Oxford University Press
ISBN 13 : 0190936800
Total Pages : 304 pages
Book Rating : 4.08/5 ( download)

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Download or read book The Property Species written by Bart J. Wilson and published by Oxford University Press. This book was released on 2020-03-25 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is property, and why does our species have it? In The Property Species, Bart J. Wilson explores how humans acquire, perceive, and know the custom of property, and why this might be relevant to understanding how property works in the twenty-first century. Arguing that neither the sciences nor the humanities synthesizes a full account of property, the book offers a cross-disciplinary compromise that is sure to be controversial: Property is a universal and uniquely human custom. Integrating cognitive linguistics with philosophy of property and a fresh look at property disputes in the common law, the book makes the case that symbolic-thinking humans locate the meaning of property within a thing. That is, all human beings and only human beings have property in things, and at its core, property rests on custom, not rights. Such an alternative to conventional thinking contends that the origins of property lie not in food, mates, territory, or land, but in the very human act of creating, with symbolic thought, something new that did not previously exist. Written by an economist who marvels at the natural history of humankind, the book is essential reading for experts and any reader who has wondered why people claim things as "Mine!", and what that means for our humanity.

Author : Svetozar Pejovich
Publisher :
ISBN 13 : 9780933028081
Total Pages : 276 pages
Book Rating : 4.83/5 ( download)

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Download or read book Fundamentals of Economics written by Svetozar Pejovich and published by . This book was released on 1979 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Joseph T. Mahoney
Publisher : SAGE
ISBN 13 : 1412905435
Total Pages : 273 pages
Book Rating : 4.35/5 ( download)

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Download or read book Economic Foundations of Strategy written by Joseph T. Mahoney and published by SAGE. This book was released on 2005 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The theoretical foundations of management strategy are identified and outlined in this text. Five theories are considered in the light of questions about how organisations operate efficiently, cost minimization, wealth creation, individual self-interest, and continued growth.

Author : Svetozar Pejovich
Publisher :
ISBN 13 :
Total Pages : 696 pages
Book Rating : 4.24/5 ( download)

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Download or read book The Economics of Property Rights: Property rights and economic performance written by Svetozar Pejovich and published by . This book was released on 2001 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Nicole Petrick
Publisher : GRIN Verlag
ISBN 13 : 3640394100
Total Pages : 65 pages
Book Rating : 4.04/5 ( download)

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Download or read book Property Rights Approach to Government - Douglass C. North's Historic Economic Perspective on the Philosophy of the State written by Nicole Petrick and published by GRIN Verlag. This book was released on 2009-08 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2006 in the subject Economics - History, grade: 1,7, Humboldt-University of Berlin, 6 entries in the bibliography, language: English, abstract: The paper will give a general overview on Douglass C. North's theoretical work during the last twenty years on economic history as well as on new institutions economics and institutional change. While the paper is more concerned on how North approaches the origin and development of the state via property rights it also will take his theory of institutional change and the way he emphasizes economies of scale and transaction costs into account. Part One of this paper will give a short introduction into the topic of the philosophy of the state. This will be followed by North's argumentation and thus his philosophy of the state derived in his numerous works. To begin with, Part Two of this paper gives an introduction into North's argumentation on the role of property rights for economic growth. Part Three will then explain what role government has in economic organization. The role of economies of scale for property rights and fiscal policies will be looked upon thereafter in Part Four. The circle will then be closed by linking economic growth and property rights with the development of the state. Analogously to North's argumentation in his book "The Rise of the Western World" the paper takes a section of ten millennia in economic history in order to explain the tension between property rights and the role of government as North sees it. North's model of the state will then be introduced in Part Six, followed by a short introduction into his Theory of Institutional Change in Part Seven of this paper. A short critique will be given at the end.

Author : Kenneth Ayotte
Publisher : Edward Elgar Publishing
ISBN 13 : 9781849808972
Total Pages : 417 pages
Book Rating : 4.7X/5 ( download)

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Download or read book Research Handbook on the Economics of Property Law written by Kenneth Ayotte and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading scholars in the field of law and economics contribute their original theoretical and empirical research to this major Handbook. Each chapter analyzes the basic architecture and important features of the institutions of property law from an economic point of view, while also providing an introduction to the issues and literature. Property rights and property systems vary along a large number of dimensions, and economics has proven very conducive to analyzing these patterns and even the nature of property itself. The contributions found here lend fresh perspectives to the current body of literature, examining topics including: initial acquisition; the commons, anticommons, and semicommons; intellectual property; public rights; abandonment and destruction; standardization of property; property and firms; marital property; bankruptcy as property; titling systems; land surveying; covenants; nuisance; the political economy of property; and takings. The contributors employ a variety of methods and perspectives, demonstrating the fruitfulness of economic modeling, empirical methods, and institutional analysis for the study of both new and familiar problems in property. Legal scholars, economists, and other social scientists interested in property will find this Handbook an often-referenced addition to their libraries.

Author : Yoram Barzel
Publisher : Cambridge University Press
ISBN 13 : 1009374737
Total Pages : 301 pages
Book Rating : 4.36/5 ( download)

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Download or read book Economic Analysis of Property Rights written by Yoram Barzel and published by Cambridge University Press. This book was released on 2023-08-31 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic property rights are the fundamental unit of economic analysis, necessary to resource allocation, organizations, and institutions.