Contracting for Property Rights (Political Economy of Institutions and Decisions) - Softcover

Book 5 of 81: Political Economy of Institutions and Decisions

Libecap, Gary D.

  • 3.43 out of 5 stars
    7 ratings by Goodreads
 
9780521449045: Contracting for Property Rights (Political Economy of Institutions and Decisions)
Softcover
ISBN 10: 0521449049 ISBN 13: 9780521449045
Publisher: Cambridge University Press, 1994

Synopsis

In this book the author examines the problems encountered in negotiations among claimants and the political and economic considerations that influence property rights arrangements. The histories of mineral rights, rights to range and timber land, and fishery and crude oil production rights in the United States are examined and reveal a surprising variety of contractual negotiations and economic outcomes. The author concludes that in addition to an analysis of distributional outcomes, an examination of the details of the political bargaining underlying property rights contracts is essential to an understanding of why rights emerge as they do. The book is an important contribution to both property rights theory and to American economic history.

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Book Description

The histories of rights to minerals, range, timber land, fishery and crude oil production in the U.S. are examined to reveal the problems encountered in negotiations among claimants and the political and economic considerations that influence property rights arrangements.

Review

"The case studies are enjoyable to read....Libecap has been a major contributor to the literature on the efficiency gains to be had from more specificity in property rights assignments. The book reinforces that view but more importantly addresses the more difficult question as to why societies allow themselves to be victims of the tragedy of the commons." Journal of Economic History

"The book well summarizes Professor Libecap's well-known and highly respected work on the emergence of property rights, with a more general analytical chapter added....This is a fine book." Journal of Comparative Economics

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Publisher
Cambridge University Press
Publication date
1994
Language
English
ISBN 10 
0521449049
ISBN 13 
9780521449045
Binding
Paperback
Number of pages
144
Rating
  • 3.43 out of 5 stars
    7 ratings by Goodreads

Other Popular Editions of the Same Title

9780521366205: Contracting for Property Rights (Political Economy of Institutions and Decisions)

Featured Edition

ISBN 10:  0521366208 ISBN 13:  9780521366205
Publisher: Cambridge University Press, 1990
Hardcover