Economic analysis of property rights.
The standard neoclassical model of economics is incapable of explaining why one form of organisation arises over another. It is a model where transaction costs are implicitly assumed to not exist; however, transaction costs are here defined as the costs of strengthening a given distribution of econo...
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Main Authors: | , |
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Format: | Electronic eBook |
Language: | English |
Published: |
Cambridge :
Cambridge University Press,
2023.
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Edition: | Third edition / |
Series: | Political economy of institutions and decisions.
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Subjects: | |
Online Access: | CONNECT |