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.

The Construction of Property

Author: Amnon Lehavi
Publisher: Cambridge University Press
ISBN: 9781107035386
Release Date: 2013-06-20
Genre: Law

Presents a structural and institutional theory of property and examines property regimes, protagonists of property and the challenges of globalisation.

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.

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.

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.

Institutions and the Path to the Modern Economy

Author: Avner Greif
Publisher: Cambridge University Press
ISBN: 9781139447065
Release Date: 2006-01-16
Genre: Political Science

It is widely believed that current disparities in economic, political, and social outcomes reflect distinct institutions. Institutions are invoked to explain why some countries are rich and others poor, some democratic and others dictatorial. But arguments of this sort gloss over the question of what institutions are, how they come about, and why they persist. They also fail to explain why institutions are influenced by the past, why it is that they can sometimes change, why they differ so much from society to society, and why it is hard to study them empirically and devise a policy aimed at altering them. This 2006 book seeks to overcome these problems, which have exercised economists, sociologists, political scientists, and a host of other researchers who use the social sciences to study history, law, and business administration. It presents a multi-disciplinary perspective to study endogenous institutions and their dynamics.

Use of Property Rights in Fisheries Management

Author: Ross Shotton
Publisher: Food & Agriculture Org.
ISBN: 9251045305
Release Date: 2000
Genre: Nature

In the old days, when offshore stocks were large and fishing fleets were small, there was no call for either private ownership or government regulation. As the growing cities provided increasing markets for both fresh and salted fish, more and larger vessels put to sea for longer periods. By mid-19th century, ocean fishing activity had expanded to a dangerous level and each year's fishing left the stock a little smaller than the year before. In the last decades of the 20th century governments' advice began to come not only from perturbed fishermen, but also from scientists. Today, regulations based on biological theories can be found everywhere. The FishRights99 Conference provided the perfect opportunity to address a new challenge: use property rights to manage fisheries in ways that are ecologically sustainable and ensure Fish for the Future. Part 2 of these proceedings contains papers of presentations made during the workshop sessions, addressing national experiences in the design, implementation and modification of rights-based systems of fisheries management. The presentations included those made from the perspective of the fishing industry, government policy-makers and administrators and the legal implications as a consequence of national systems of law. Those concerned with the social and economic implications of this form of management reviewed the implications for communities affected by such changes in fisheries management approach. Many papers describe specific national implementation experiences, both positive and negative, and national programme successes and "less-than-successes". Other papers deal with the social, economic and legal theory appertaining to this form of management.

The Democratic Dilemma

Author: Arthur Lupia
Publisher: Cambridge University Press
ISBN: 0521585937
Release Date: 1998-03-13
Genre: Political Science

This book clarifies the debate about citizen competence in democratic politics.

The Political Economy of Public Administration

Author: Murray J. Horn
Publisher: Cambridge University Press
ISBN: 0521484367
Release Date: 1995-11-24
Genre: Political Science

This book uses a transactions cost approach to explain the key institutional characteristics across the public sector. It defines the distinctive governance, financing and employment arrangements that characterize the common forms of public sector organization: the regulatory commission, the executive tax-financed bureau and the state-owned enterprise. It suggests why these forms are used to perform different administrative functions, and why legislators often leave very important decisions to be resolved at the administrative level.

Modern Political Economy

Author: Jeffrey S. Banks
Publisher: Cambridge University Press
ISBN: 0521478103
Release Date: 1995-08-25
Genre: Business & Economics

Political economy has been an essential realm of inquiry and has attracted myriad intellectual adherents for much of the period of modern scholarship, although its formal split into the distinct disciplines of political science and economics in the nineteenth century has limited the study of important social issues. This volume calls for a reaffirmation of the importance of the unified study of political economy, and explores the frontiers of the interaction between politics and markets. It brings together intellectual leaders from various areas, drawing on state-of-the-art theoretical and empirical analysis from each of the underlying disciplines. Each chapter, while beginning with a survey of existing work, focuses on profitable lines of inquiry for future developments. Particular attention is devoted to fields of active current development.

Institutions and Ethnic Politics in Africa

Author: Daniel N. Posner
Publisher: Cambridge University Press
ISBN: 9781316582978
Release Date: 2005-06-06
Genre: Political Science

This book presents a theory to account for why and when politics revolves around one axis of social cleavage instead of another. It does so by examining the case of Zambia, where people identify themselves either as members of one of the country's seventy-three tribes or as members of one of its four principal language groups. The book accounts for the conditions under which Zambian political competition revolves around tribal differences and under which it revolves around language group differences. Drawing on a simple model of identity choice, it shows that the answer depends on whether the country operates under single-party or multi-party rule. During periods of single-party rule, tribal identities serve as the axis of electoral mobilization and self-identification; during periods of multi-party rule, broader language group identities play this role. The book thus demonstrates how formal institutional rules determine the kinds of social cleavages that matter in politics.

Appointing Central Bankers

Author: Kelly H. Chang
Publisher: Cambridge University Press
ISBN: 1139440543
Release Date: 2003-08-18
Genre: Political Science

This book examines monetary policy by focusing on how the President and the Senate influence monetary policy by appointing Federal Reserve members. It attempts to answer three questions about the appointment process and its effects. First, do politicians influence monetary policy through Federal Reserve appointments? Second, who influences the process - the President alone or both the President and the Senate? Third, what explains the structure of the Federal Reserve appointment process? The test models show that the President alone, both the President and Senate, or neither, may influence monetary policy with Federal Reserve appointments. The structure of the process reflects political battles between the Democrats and Republicans regarding the centralization of authority to set monetary policy within the Federal Reserve System. The study extends the analysis to the European Central Bank and shows that the Federal Reserve process is more representative of society than the European Central Bank process.

Public Debt and the Birth of the Democratic State

Author: David Stasavage
Publisher: Cambridge University Press
ISBN: 1139439871
Release Date: 2003-04-28
Genre: Political Science

This book develops new theory about the link between debt and democracy and applies it to a classic historical comparison: Great Britain in the eighteenth century which had strong representative institutions and sound public finance vs. ancient regime France, which had neither. The book argues that whether representative institutions improve commitment depends on the opportunities for government creditors to form new coalitions with other social groups, more likely to occur when a society is divided across multiple political cleavages. It then presents historical evidence to show that improved access to finance in Great Britain after 1688 had as much to do with the development of the Whig Party as with constitutional changes. In France, it is suggested that the balance of partisan forces made it unlikely that an early adoption of 'English-style' institutions would have improved credibility.

When Majorities Fail

Author: Josephine T. Andrews
Publisher: Cambridge University Press
ISBN: 1139435620
Release Date: 2002-10-21
Genre: Political Science

When Majorities Fail is a study of institutional failure in Russia's first democratic legislature. Inadequate rules and a chaotic party system combined to make it nearly impossible to pass a coherent legislative program, including a new constitution. The internal instability in Russia's parliament is known as cycling, one of the most important theoretical concepts in formal study of legislatures. There are few recorded cases of cycling in politically important settings. This book documents the presence of cyclical majorities in Russian Parliament with comprehensive case and statistical analysis, and demonstrates how the failure to adopt a new constitution led to the confrontation between parliament and president in the fall of 1993. Earlier research has shown that the design of a legislative institution is crucial in preventing cycling. The author shows how the institutional design of the parliament failed, underscoring the importance of institutional design in a democratic transition.