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Property rights, transaction costs, and the limits of the market

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Main Author: Carmine, Guerriero
Format: Book
Language:English
Published: Springer 2023
Subjects:
determinants and interaction of property rights
transaction costs
Online Access:https://link.springer.com/article/10.1007/s10101-023-00290-9
https://dlib.phenikaa-uni.edu.vn/handle/PNK/7851
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spelling oai:localhost:PNK-78512023-04-12T09:21:38Z Property rights, transaction costs, and the limits of the market Carmine, Guerriero determinants and interaction of property rights transaction costs CC BY To clarify the determinants and interaction of property rights and transaction costs, I study the design of the property rights on either a good whose consensual transfer entails a transaction inefficiency or an upstream firm’s input whose random cost is nonverifiable and ex ante non-contractible. More disperse traders’ valuations and larger odds that the upstream party can appropriate the quasi-rent induced by contract incompleteness produce more severe transaction inefficiencies and larger incomplete contracting costs, respectively. 2023-04-12T09:21:38Z 2023-04-12T09:21:38Z 2023 Book https://link.springer.com/article/10.1007/s10101-023-00290-9 https://dlib.phenikaa-uni.edu.vn/handle/PNK/7851 en application/pdf Springer
institution Digital Phenikaa
collection Digital Phenikaa
language English
topic determinants and interaction of property rights
transaction costs
spellingShingle determinants and interaction of property rights
transaction costs
Carmine, Guerriero
Property rights, transaction costs, and the limits of the market
description CC BY
format Book
author Carmine, Guerriero
author_facet Carmine, Guerriero
author_sort Carmine, Guerriero
title Property rights, transaction costs, and the limits of the market
title_short Property rights, transaction costs, and the limits of the market
title_full Property rights, transaction costs, and the limits of the market
title_fullStr Property rights, transaction costs, and the limits of the market
title_full_unstemmed Property rights, transaction costs, and the limits of the market
title_sort property rights, transaction costs, and the limits of the market
publisher Springer
publishDate 2023
url https://link.springer.com/article/10.1007/s10101-023-00290-9
https://dlib.phenikaa-uni.edu.vn/handle/PNK/7851
_version_ 1762999681192820736
score 8.891145

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