Narrow search
Showing 1 - 10 of 79
Cover Image
The property-rights theory of the firm with endogenous timing of asset purchase
de Meza, David; Lockwood, Ben - London School of Economics (LSE) - 1998
The standard property-rights theory of the firm assumes that prior to investing in human capital, team members meet and …
Persistent link: https://www.econbiz.de/10010884491
Cover Image
Transaction costs and the robustness of the Coase Theorem
Anderlini, Luca; Felli, Leonardo - London School of Economics (LSE) - 2000
This paper explores the extent to which the presence of ex-ante transaction costs may lead to failures of the Coase Theorem. In particular we identify and investigate the basic ‘hold-up problem’ which arises whenever the parties to a Coasian negotiation have to pay some ex-ante costs for the...
Persistent link: https://www.econbiz.de/10010745037
Cover Image
Costly coasian contracts
Anderlini, Luca; Felli, Leonardo - London School of Economics (LSE) - 1998
We identify and investigate the basic ‘hold-up problem’ which arises whenever each party to a contract has to pay some ex-ante cost for the contract to become feasible. We then proceed to show that, under plausible circumstances, a ‘contractual solution’ to this hold-up problem is not...
Persistent link: https://www.econbiz.de/10010745370
Cover Image
Auctioning conservation contracts in the presence of externalities
Calel, Raphael - London School of Economics (LSE) - 2010
Current models of conservation auctions do not permit for the presence of environmental externalities and synergies … environmental externalities. Clearly, our models do not tell the whole story, and they consequently fail to identify waste and … inefficiency in these auctions. Our paper shows how externalities between bidders can be incorporated into our models of …
Persistent link: https://www.econbiz.de/10010745522
Cover Image
Property rights and economic development
Besley, Timothy; Ghatak, Maitreesh - London School of Economics (LSE) - 2009
This chapter develops a unified analytical framework, drawing on and extending the existing literature on the subject, for studying the role of property rights in economic development. It addresses two fundamental and related questions concerning the relationship between property rights and...
Persistent link: https://www.econbiz.de/10010745450
Cover Image
The de Soto effect
Besley, Timothy; Ghatak, Maitreesh - London School of Economics (LSE) - 2009
This paper explores the consequences of creating and improving property rights so that fixed assets can be used as collateral. This has become a cause célèbre of Hernando de Soto whose views are influential in debates about policy reform concerning property rights. Hence, we refer to the...
Persistent link: https://www.econbiz.de/10010745725
Cover Image
Rearranging the roles of the performer and the composer in the music industry – the potential significance of Fisher v Brooker
Mcdonagh, Luke T. - London School of Economics (LSE) - 2012
The composer has historically been at the top of the tree in the music industry; most royalties due to artists flow back to composers/songwriters rather than performers. Over the last few decades, the enactment of stronger performers’ rights has sought to redress this historical imbalance by...
Persistent link: https://www.econbiz.de/10010746437
Cover Image
Copyright infringement, 'free-riding' and the lifeworld
Barron, Anne - London School of Economics (LSE) - 2008
The dominant explanatory/justificatory framework informing scholarly commentary on copyright law, policy and theory … the field of social life that copyright law affects. I conclude by proposing Jürgen Habermas’s social theory as an …
Persistent link: https://www.econbiz.de/10011071092
Cover Image
Collective bargaining under complete information
Diaz-Moreno, Carlos; Galdon-Sanchez, Jose E. - London School of Economics (LSE) - 2000
having different discount factors allows us to measure their relative bargaining power, a recurrent question in the theory of …
Persistent link: https://www.econbiz.de/10010884535
Cover Image
Government corruption and legislative procedures: is one chamber better than two?
Testa, Cecilia - London School of Economics (LSE) - 2003
This paper studies the impact of the competition between lobbies and voters on policy outcomes under alternative legislative procedures. Lobbies and citizens have opposing interests in a public policy and offer money and votes, respectively, to legislators to obtain their preferred policy....
Persistent link: https://www.econbiz.de/10010928625