Libecap examines the problems in negotiations among claimants and the political and economic considerations that influence property rights arrangements. Through case studies of different natural resources, the author analyses a variety of contractual negotiations and economic outcomes. This book is an important contribution to property rights theory and American economic history.
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'The case studies are enjoyable to read ... Libecap has been a major contributor to the literature on the efficiency gains to be had from more specificity in property rights assignments. The book reinforces that view but more importantly addresses the more difficult question as to why societies allow themselves to be victims of the tragedy of the commons.' Journal of Economic History
'The book well summarises Professor Libecap's well-known and highly respected work on the emergence of property rights, with a more general analytical chapter added ... This is a fine book.' Journal of Comparative 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, as well as 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.
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Hardcover. Zustand: Good. No Jacket. Former library book; Pages can have notes/highlighting. Spine may show signs of wear. ~ ThriftBooks: Read More, Spend Less 0.85. Bestandsnummer des Verkäufers G0521366208I3N10
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hardcover. Zustand: Very Good. Connecting readers with great books since 1972! Used books may not include companion materials, and may have some shelf wear or limited writing. We ship orders daily and Customer Service is our top priority!. Bestandsnummer des Verkäufers S_409357934
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Gebundene Ausgabe. Zustand: Gut. 142 Seiten ex Library Book / aus einer wissenschaftlichen Bibliothek Sprache: Englisch Gewicht in Gramm: 386. Bestandsnummer des Verkäufers 285489
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