{"product_id":"economic-analysis-of-property-rights-paperback-9780521597135","title":"Economic Analysis of Property Rights (Paperback) 9780521597135","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eEconomic Analysis of Property Rights\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eThis is a study of the way individuals organise the use of resources in order to maximise the value of their economic rights over these resources.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eYoram Barzel (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521597135, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback, published 13 April 1997\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e176 pages, 7 b\/w illus.\u003cbr\u003e22.7 x 15.4 x 1.1 cm, 0.24 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis is a study of the way individuals organise the use of resources in order to maximise the value of their economic rights over these resources. Property rights and all forms of organisation result from people's deliberate actions. In the tradition of Coase, this study offers a unified theoretical structure to deal with exchange, rights formation and organisation which traditional economic theory assumes away. 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. Individuals enhance their rights by such actions as the protection and better delineation of their assets. In this new edition, Professor Barzel introduces the central role of equity capital as a guarantor of the activities of the firm and elaborates on the distinction between economic rights and legal rights.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eIntroduction\u003cbr\u003e 1. The property rights model\u003cbr\u003e 2. The public domain: rationing by waiting and price controls\u003cbr\u003e 3. Contract choice: the tenancy contract\u003cbr\u003e 4. Divided ownership\u003cbr\u003e 5. The old firm and the new organization\u003cbr\u003e 6. The formation of rights\u003cbr\u003e 7. Slavery\u003cbr\u003e 8. Wealth maximization constraints on property rights\u003cbr\u003e 9. Property rights and non-market allocation\u003cbr\u003e 10. Additional property rights applications\u003cbr\u003e 11. The property rights model: recapitulation\u003cbr\u003e References.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Political economy [\u003ca title=\"See our other books on Political economy\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Political%20economy%20%5BKCP%5D%22\"\u003eKCP\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46004802781464,"sku":"9780521597135","price":20.47,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521597135i_4318e8a3-bd48-4417-8522-a77a152489a9.jpg?v=1691370202","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/economic-analysis-of-property-rights-paperback-9780521597135","provider":"Freshly Printed Books","version":"1.0","type":"link"}