Thông tin tài liệu
Nhan đề : | Property rights, transaction costs, and the limits of the market |
Tác giả : | Carmine, Guerriero |
Năm xuất bản : | 2023 |
Nhà xuất bản : | Springer |
Tóm tắt : | To clarify the determinants and interaction of property rights and transaction costs, I study the design of the property rights on either a good whose consensual transfer entails a transaction inefficiency or an upstream firm’s input whose random cost is nonverifiable and ex ante non-contractible. More disperse traders’ valuations and larger odds that the upstream party can appropriate the quasi-rent induced by contract incompleteness produce more severe transaction inefficiencies and larger incomplete contracting costs, respectively. |
Mô tả: | CC BY |
URI: | https://link.springer.com/article/10.1007/s10101-023-00290-9 https://dlib.phenikaa-uni.edu.vn/handle/PNK/7851 |
Bộ sưu tập | OER - Kinh tế và Quản lý |
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