Economic Analysis of Property Rights

Author: Yoram Barzel
Publisher: Cambridge University Press
ISBN: 0521597137
Release Date: 1997-04-13
Genre: Business & Economics

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 nonmarket constraints, but is also applicable to market economies. It is useful for analyzing allocations within organizations as well as allocation by voting and charity. Chapters have been extended for this second edition and a new chapter devoted to the firm has been added.

Contracting for Property Rights

Author: Gary D. Libecap
Publisher: Cambridge University Press
ISBN: 0521449049
Release Date: 1993
Genre: Business & Economics

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.

A Theory of the State

Author: Yoram Barzel
Publisher: Cambridge University Press
ISBN: 0521000645
Release Date: 2002
Genre: Political Science

The Emergence of Protection and Third-Party Enforcement; The State and the Enforcement of Agreements; Third-Party Enforcement and the State; The Choice among Enforcement Forms; Anonymous Exchange, Mixed Enforcement, and Vertical Integration; Jurisdictional Issues; Collective Action and Collective Decisions; Tying the Protector's Hands: The Agreement between Subjects and Protector; The Emergence of Legal Institutions Legal Rights; The State's Enhancement of Market Trade; The Size and Scope of the State; The Character of the State Merger and Local Autonomy; The Distinction between "Legitima te" and "Criminal" States; Power, Violent Conflict, and Political Evolution; The time parth of change under dictatorships and under Rule-of-Law Regimes; Recapitulation and an Epilogue.

The Fruits of Revolution

Author: Jean-Laurent Rosenthal
Publisher: Cambridge University Press
ISBN: 0521103126
Release Date: 2009-03-19
Genre: Business & Economics

The Fruits of Revolution examines the impact of revolution on French agricultural development.

Perspectives on Positive Political Economy

Author: James E. Alt
Publisher: Cambridge University Press
ISBN: 0521398517
Release Date: 1990-09-28
Genre: Business & Economics

This volume serves as an introduction to the field of positive political economy and the economic and political processes with which it is concerned. This new research tradition is distinct from both normative and historical approaches to political economy. Grounded in the rational-actor methodology of microeconomics, positive political economy is the study of rational decisions in a context of political and economic institutions. More analytical than traditional approaches, it is concerned with the derivation of principles and propositions against which real-world experience may be compared. Its focus is on empirical regularities, and its goal is theoretical explanation. The field has focused on three main areas of research: models of collective action, constraints on competitive market processes, and the analysis of transaction costs. Developments in all of these areas are covered in the book. The first part of the volume surveys the field, while the second part displays positive political economy at work, examining a variety of subjects. The final part contains essays by leading political economists on the theoretical foundations of the field.

Empirical Studies in Institutional Change

Author: Lee J. Alston
Publisher: Cambridge University Press
ISBN: 0521557437
Release Date: 1996-07-28
Genre: Business & Economics

Empirical Studies in Institutional Change is a collection of nine empirical studies by fourteen scholars. Dealing with issues ranging from the evolution of secure markets in seventeenth-century England to the origins of property rights in airport slots in modern America, the contributors analyze institutions and institutional change. To make the papers accessible to a wide audience, the editors have written an introduction to each study and added three theoretical essays to the volume, including Douglass North's Nobel Prize address, that reflect their collective views as to the present and future status of institutional analysis.

The Politics of Property Rights

Author: Stephen Haber
Publisher: Cambridge University Press
ISBN: 0521820677
Release Date: 2003-05-26
Genre: Business & Economics

The book explains why political instability is not necessarily correlated with economic stagnation.

Governing the Commons

Author: Elinor Ostrom
Publisher: Cambridge University Press
ISBN: 9781107569782
Release Date: 2015-10-31
Genre: Political Science

Tackles one of the most enduring and contentious issues of positive political economy: common pool resource management.

Beyond the Miracle of the Market

Author: Robert H. Bates
Publisher: Cambridge University Press
ISBN: 0521852692
Release Date: 2005-05-09
Genre: Business & Economics

As capitalism defeated socialism in Eastern Europe, the market displaced the state in the developing world. In Beyond the Miracle of the Market, first published in 2005, Bates focuses on Kenya, a country that continued to grow while others declined in Africa, and mounts a prescient critique of the neo-classical turn in development economics. Attributing Kenya's exceptionalism to its economic institutions, this book pioneers the use of 'new institutionalism' in the field of development. In doing so, however, the author accuses the approach of being apolitical. Institutions introduce power into economic life. To account for their impact, economic analysis must therefore be complemented by political analysis; micro-economics must be imbedded in political science. In making this argument, Bates relates Kenya's subsequent economic decline to the change from the Kenyatta to the Moi regime and the subsequent use of the power of economic institutions to redistribute rather than to create wealth.

The Political Economy of the American Frontier

Author: Ilia Murtazashvili
Publisher: Cambridge University Press
ISBN: 9781107434059
Release Date: 2013-09-16
Genre: Political Science

This book offers an analytical explanation for the origins of and change in property institutions on the American frontier during the nineteenth century. Its scope is interdisciplinary, integrating insights from political science, economics, law and history. This book shows how claim clubs - informal governments established by squatters in each of the major frontier sectors of agriculture, mining, logging and ranching - substituted for the state as a source of private property institutions and how they changed the course of who received a legal title, and for what price, throughout the nineteenth century. Unlike existing analytical studies of the frontier that emphasize one or two sectors, this book considers all major sectors, as well as the relationship between informal and formal property institutions, while also proposing a novel theory of emergence and change in property institutions that provides a framework to interpret the complicated history of land laws in the United States.

Institutions Property Rights and Economic Growth

Author: Sebastian Galiani
Publisher: Cambridge University Press
ISBN: 9781139916745
Release Date: 2014-04-17
Genre: Business & Economics

This volume showcases the impact of the work of Douglass C. North, winner of the Nobel Prize and father of the field of new institutional economics. Leading scholars contribute to a substantive discussion that best illustrates the broad reach and depth of Professor North's work. The volume speaks concisely about his legacy across multiple social sciences disciplines, specifically on scholarship pertaining to the understanding of property rights, the institutions that support the system of property rights, and economic growth.

Problem Driven Political Economy Analysis

Author: Verena Fritz
Publisher: World Bank Publications
ISBN: 9781464801228
Release Date: 2014-01-13
Genre: Business & Economics

This volume presents eight good practice examples of problem-driven political economy analysis conducted at the World Bank, and reflect what the Bank has so far been able to achieve in mainstreaming this approach into its operations and policy dialogue.

Above Politics

Author: Gary J. Miller
Publisher: Cambridge University Press
ISBN: 9781107008755
Release Date: 2016-05-16
Genre: Political Science

The book argues that bureaucracies can contribute to stability and economic development, if they are insulated from unstable democratic politics. The book will appeal to those interested in political science, economics, law, sociology, and modern political history.