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5 - The Theory of Economic Property Rights

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

This chapter argues that all distributions of economic property rights are explained as attempts to maximize joint wealth net of the transaction costs of that distribution.

Keywords

Property Rights Hypothesis efficient property rights
Type
Chapter
Information
Economic Analysis of Property Rights , pp. 64 - 78
Publisher: Cambridge University Press
Print publication year: 2023

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