Hardcover. A Fair copy in dark gray cloth lettered in silver. Mild cover wear, sound binding, but with many pages corner-creased (now unfolded), and with much marginalia/bracketing (but no marks noted in thus text). Thus, a hardcover reading copy. No dust jacket. Not ex-library.

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Bibliographic Details

Title: Economic Analysis of Property Rights
Publisher: Cambridge University Press, New York
Publication Date: 1989
Language: English
ISBN 10: 0521364094
ISBN 13: 9780521364096
Binding: Hardcover
Edition: First Edition.
Condition: Fair
Dust Jacket Condition: No Dust Jacket
Book Type: Book

About this title

Synopsis

In this text the author develops a theory of the costliness of transactions and then integrates this theory into a model of property rights. He demonstrates its utility by applying these models to problems that include rights formation, slavery and resource allocation in non-market settings.

Book Description

This study offers a unified theoretical structure to analyze exchange, formation of economic rights, and organization. The cost of measuring accurately all assets' attributes is prohibitive. Therefore, rights are never fully delineated and others (using theft, adverse selection, free riding, and shirking) may appropriate one's assets. The central question is how people allocate resources and organize their activities to maximize the value of their rights. The approach emphasizes non-market constraints, but is also applicable to market economies. It is useful for analyzing allocations within organizations as well as allocation by voting and charity.

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Row by Row Bookshop is a used and antiquarian bookstore with an emphasis on special topic non-fiction. The owners have over 25 years of bookselling experience. We currently only offer our selections online.

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Row By Row Bookshop
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