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13 - Property Rights in Non-market Allocations

Published online by Cambridge University Press:  17 August 2023

Yoram Barzel  and
Douglas W. Allen
Yoram Barzel
Affiliation:
University of Washington
Douglas W. Allen
Affiliation:
Simon Fraser University, British Columbia
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Summary

Price is one important means by which goods are allocated. Prices are not free, and markets are organized to mitigate the transaction costs that arise. Such costs might be so great that prices are abandoned for alternatives like voting or donations. This chapter analyzes such cases.

Keywords

votingblood donationsgovernment allocation
Type
Chapter
Information
Economic Analysis of Property Rights , pp. 232 - 242
Publisher: Cambridge University Press
Print publication year: 2023

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