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.

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.

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.

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.

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.

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.

Rationalizing Parliament

Author: John D. Huber
Publisher: Cambridge University Press
ISBN: 0521562910
Release Date: 1996-08-28
Genre: Political Science

Rationalizing Parliament examines how institutional arrangements in the French Constitution shape the bargaining strategies of political parties. Professor Huber investigates the decision by French elites to include in the Constitution legislative procedures intended to "rationalize" the policy-making role of parliament and analyzes the impact of these procedures on policy outcomes, cabinet stability, and political accountability. Through its use of theories developed in the American politics literature, the study reveals important similarities between legislative politics in the United States and in parliamentary systems and the shortcomings in conventional interpretations of French institutional arrangements.

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.

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.

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.