Abstract
Property rights formalize the relationship between individuals and goods. They form the cornerstone of the pricing, supply and efficient allocation of scarce resources between individuals. The Economic Foundations of Property Rights is an outstanding collection of some of the most important work from the founders of the field, including James M. Buchanan, Douglass C. North, Richard Posner, Armen Alchian, Lord Peter Bauer and Karl Brunner.
Keywords
CornerstoneTransaction costDatabase transactionProperty rightsLaw and economicsProperty (philosophy)Work (physics)EconomicsBusinessMicroeconomicsEngineeringGeographyComputer sciencePhilosophyArchaeology
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Publication Info
- Year
- 1997
- Type
- book-chapter
- Pages
- 164-170
- Citations
- 136
- Access
- Closed
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Cite This
Benjamin Klein
(1997).
Transaction Cost Determinants of "Unfair" Contractual Arrangements.
Edward Elgar Publishing eBooks
, 164-170.
https://doi.org/10.4337/9781035303441.00022
Identifiers
- DOI
- 10.4337/9781035303441.00022