1997, ISBN: 9781316046265

This 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 organis… More...

This 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. eBook Yoram Barzel PDF, Cambridge University Press, 13.04.1997, Cambridge University Press, 1997<

ISBN: 9781316046265

This 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 organis… More...

This 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. eBook Yoram Barzel 13.04.1997, Cambridge University Press, Cambridge University Press<

ISBN: 9781316046265

Economic Analysis of Property Rights ab 28.99 € als pdf eBook: . Aus dem Bereich: eBooks, Belletristik, Erzählungen, Medien > Bücher, Economic Analysis of Property Rights

1997, ISBN: 9781316046265

eBooks, eBook Download (PDF), [PU: Cambridge University Press], Cambridge University Press, 1997

1997, ISBN: 9781316046265

eBooks, eBook Download (PDF), [PU: Cambridge University Press], Cambridge University Press, 1997