Modeling Foundations Of Economic Property Rights Theory

Author : Vesna Pasetta
Publisher : Springer Science & Business Media
Page : 248 pages
File Size : 46,8 Mb
Release : 2006-03-30
Category : Business & Economics
ISBN : 9783540277842

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Modeling Foundations of Economic Property Rights Theory by Vesna Pasetta Pdf

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,Douglas W. Allen
Publisher : Cambridge University Press
Page : 301 pages
File Size : 40,8 Mb
Release : 2023-08-31
Category : Business & Economics
ISBN : 9781009374750

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Economic Analysis of Property Rights by Yoram Barzel,Douglas W. Allen Pdf

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 : Y. Barzel
Publisher : Unknown
Page : 161 pages
File Size : 55,8 Mb
Release : 1997
Category : Electronic
ISBN : OCLC:710880036

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Economic Analysis of Property Rights by Y. Barzel Pdf

The property rights model; The public domain: Rationing by waiting and price controls; Contract choice: The tenancy contract; Divided ownership; The old firm and the new organization; The formation of rights; Slavery; Wealth-maximizing constraints on property rights; Property rights and non-market allocation; Additional property rights applications; The property rights model: Recapitulation.

Author : Svetozar Pejovich
Publisher : Unknown
Page : 696 pages
File Size : 47,8 Mb
Release : 2001
Category : Right of property
ISBN : UCSC:32106016942424

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The Economics of Property Rights: Property rights and economic performance by Svetozar Pejovich Pdf

Author : Nicole Petrick
Publisher : GRIN Verlag
Page : 65 pages
File Size : 40,5 Mb
Release : 2009-08
Category : Electronic
ISBN : 9783640394104

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Property Rights Approach to Government - Douglass C. North's Historic Economic Perspective on the Philosophy of the State by Nicole Petrick Pdf

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 : Svetozar Pejovich
Publisher : Unknown
Page : 276 pages
File Size : 49,7 Mb
Release : 1979
Category : Business & Economics
ISBN : 0933028083

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Fundamentals of Economics by Svetozar Pejovich Pdf

Author : Svetozar Pejovich
Publisher : Unknown
Page : 328 pages
File Size : 47,9 Mb
Release : 1997
Category : Business & Economics
ISBN : UOM:39015040578224

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The Economic Foundations of Property Rights by Svetozar Pejovich Pdf

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 : Yoram Barzel,Douglas W. Allen
Publisher : Cambridge University Press
Page : 301 pages
File Size : 47,7 Mb
Release : 2023-08-31
Category : Business & Economics
ISBN : 9781009374736

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Economic Analysis of Property Rights by Yoram Barzel,Douglas W. Allen Pdf

Economic property rights are the fundamental unit of economic analysis, necessary to resource allocation, organizations, and institutions.

Author : Christian Schultz,Karl Vind
Publisher : Springer Science & Business Media
Page : 380 pages
File Size : 40,9 Mb
Release : 2006-04-22
Category : Business & Economics
ISBN : 9783540281610

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Institutions, Equilibria and Efficiency by Christian Schultz,Karl Vind Pdf

Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways: Efficiency and price regulation are studied when markets are incomplete and existence of equilibria in such settings is proven under very general preference assumptions. The model is extended to include geographical location choice, a commodity space incorporating manufacturing imprecision and preferences for club-membership, schools and firms. Inefficiencies arising from household externalities or group membership are evaluated. Core equivalence is shown for bargaining economies. The theory of risk aversion is extended and the relation between risk taking and wealth is experimentally investigated. Other topics include determinacy in OLG with cash-in-advance constraints, income distribution and democracy in OLG, learning in OLG and in games, optimal pricing of derivative securities, the impact of heterogeneity at the individual level for aggregate consumption, and adaptive contracting in view of uncertainty.

Author : Charalambos D. Aliprantis,Rosa L. Matzkin,Daniel L. McFadden,James C. Moore,Nicholas C. Yannelis
Publisher : Springer Science & Business Media
Page : 254 pages
File Size : 54,5 Mb
Release : 2006-04-20
Category : Business & Economics
ISBN : 9783540295785

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Rationality and Equilibrium by Charalambos D. Aliprantis,Rosa L. Matzkin,Daniel L. McFadden,James C. Moore,Nicholas C. Yannelis Pdf

This book contains a collection of original and state-of-the-art contributions in rational choice and general equilibrium theory. Among the topics are preferences, demand, equilibrium, core allocations, and testable restrictions. The contributing authors are Daniel McFadden, Rosa Matzkin, Emma Moreno-Garcia, Roger Lagunoff, Yakar Kannai, Myrna Wooders, James Moore, Ted Bergstrom, Luca Anderlini, Lin Zhou, Mark Bagnoli, Alexander Kovalenkov, Carlos Herves-Beloso, Michaela Topuzu, Bernard Cornet, Andreu Mas-Colell and Nicholas Yannelis.

Author : Gabriele Camera
Publisher : Springer Science & Business Media
Page : 268 pages
File Size : 49,8 Mb
Release : 2006-01-09
Category : Business & Economics
ISBN : 9783540295006

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Recent Developments on Money and Finance by Gabriele Camera Pdf

Assembles theoretical contributions to monetary theory, banking and finance. This book includes papers spanning themes from monetary policy to the optimal design of financial systems, and from the study of the causes of financial crises to payment systems design. It serves as a reference to researchers interested in the study of financial systems.

Author : Katri K. Sieberg
Publisher : Springer Science & Business Media
Page : 213 pages
File Size : 42,8 Mb
Release : 2006-03-30
Category : Social Science
ISBN : 9783540277620

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Criminal Dilemmas by Katri K. Sieberg Pdf

An analysis of criminal behavior from the perspectives of rational choice theory leading to suggestions for a criminal policy. Previous edition sold 900 copies world wide since its release in June 2001.

Author : Svetlana Boyarchenko,Sergei Levendorskii
Publisher : Springer Science & Business Media
Page : 292 pages
File Size : 46,7 Mb
Release : 2007-08-26
Category : Business & Economics
ISBN : 9783540737469

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Irreversible Decisions under Uncertainty by Svetlana Boyarchenko,Sergei Levendorskii Pdf

Here, two highly experienced authors present an alternative approach to optimal stopping problems. The basic ideas and techniques of the approach can be explained much simpler than the standard methods in the literature on optimal stopping problems. The monograph will teach the reader to apply the technique to many problems in economics and finance, including new ones. From the technical point of view, the method can be characterized as option pricing via the Wiener-Hopf factorization.

Author : Yoram Barzel
Publisher : Cambridge University Press
Page : 180 pages
File Size : 55,7 Mb
Release : 1997-04-13
Category : Business & Economics
ISBN : 0521597137

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Economic Analysis of Property Rights by Yoram Barzel Pdf

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.

Author : Joseph T. Mahoney
Publisher : SAGE
Page : 273 pages
File Size : 46,9 Mb
Release : 2005
Category : Business & Economics
ISBN : 9781412905435

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Economic Foundations of Strategy by Joseph T. Mahoney Pdf

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.