Economic Analysis of Property Rights
Series: Political Economy of Institutions and Decisions;
- Publisher's listprice GBP 22.99
-
11 635 Ft (11 081 Ft + 5% VAT)
The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.
- Discount 10% (cc. 1 164 Ft off)
- Discounted price 10 472 Ft (9 973 Ft + 5% VAT)
11 635 Ft
Availability
Estimated delivery time: In stock at the publisher, but not at Prospero's office. Delivery time approx. 3-5 weeks.
Not in stock at Prospero.
Why don't you give exact delivery time?
Delivery time is estimated on our previous experiences. We give estimations only, because we order from outside Hungary, and the delivery time mainly depends on how quickly the publisher supplies the book. Faster or slower deliveries both happen, but we do our best to supply as quickly as possible.
Product details:
- Edition number 3
- Publisher Cambridge University Press
- Date of Publication 31 August 2023
- ISBN 9781009374729
- Binding Paperback
- No. of pages300 pages
- Size 230x154x17 mm
- Weight 436 g
- Language English 773
Categories
Short description:
Economic property rights are the fundamental unit of economic analysis, necessary to resource allocation, organizations, and institutions.
MoreLong 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.
'This new Third Edition of Economic Analysis of Property Rights carries one of the greatest classics of economics into the twenty-first century. Starting with unusually rigorous definitions of transaction costs, property rights, and resources, Barzel and Allen lay out a fruitful framework for analyzing institutions and employ it to generate a stunning array of insights into a wide variety of real-world situations. This book is essential reading for economists, legal scholars, policymakers, and anyone else who wants a fresh take on the way institutions work.' Henry E. Smith, Harvard Law School
Table of Contents:
Part I. Conceptual Issues: 1. The Neoclassical Problem; 2. Economic Property Rights; 3 : Transaction Costs; 4. Information Costs; 5. The Theory of Economic Property Rights; Part II. Contracts, Organizations, and Institutions: 6. Exchange, Contracts, and Contract Choice; 7. Divided Ownership and Organization; 8. Institutions; Part III. Establishing Property Rights: 9. Capture in the Public Domain; 10. Forming Property Rights; 11. Benefits of the Public Domain; Part IV. Non Price Allocation and Other Issues: 12. Non-wage Labor Markets; 13. Property Rights in Non-Market Allocations; 14. Additional Property Rights Applications; 15. The Property Rights Model; Bibliography; Index.
More
The Princeton Field Guide to Mesozoic Sea Reptiles
Subcribe now and receive a favourable price.
Subscribe
15 183 HUF
The Minute Boys of the Mohawk Valley (Esprios Classics)
Subcribe now and receive a favourable price.
Subscribe
12 428 HUF
Economic Analysis of Property Rights
Subcribe now and receive a favourable price.
Subscribe
11 635 HUF
Uncanny: The Origins of Fear
Subcribe now and receive a favourable price.
Subscribe
11 640 HUF
