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Commons, anticommons, semicommons
Fennell, Lee Anne - In: Research handbook on the economics of property law, (pp. 35-56). 2011
Persistent link: https://www.econbiz.de/10008935278
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Commons, Anticommons, Semicommons
Fennell, Lee Anne - 2011
This handbook chapter offers a brief introduction to the commons, anticommons, and semicommons models and shows how the three fit together in a unified theoretical framework. I suggest that each of these templates is best understood as a lens for apprehending a single core, challenging fact...
Persistent link: https://www.econbiz.de/10012756264
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Acquiring Land Through Eminent Domain : Justifications, Limitations, and Alternatives
Kelly, Daniel B. - 2011
The primary functional justifications for eminent domain involve bargaining problems, including the holdout problem, the bilateral monopoly problem and other transaction costs, as well as the existence of externalities. The holdout problem is particularly noteworthy, and this chapter analyzes...
Persistent link: https://www.econbiz.de/10014191572
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The Personification and Property of Legal Entities
Triantis, George G. - 2009
Property rights in productive assets are commonly held by legal entities rather than individuals. Only persons can own property, and the law defines persons to include organizations such as corporations, partnerships, and trusts. This chapter addresses the related issues of the justification for...
Persistent link: https://www.econbiz.de/10014201091
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Toward an Economic Theory of Property in Information
Smith, Henry E. - 2014
This handbook chapter argues that part of the controversy over intellectual property stems from inadequacies in the economic theory of property rights. Property is assumed in both law and economics and in New Institutional Economics to be any expectation of being able to act upon or derive value...
Persistent link: https://www.econbiz.de/10014188875
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The Economics of Nuisance Law
Hylton, Keith N. - 2010
Economic analysis of nuisance law can be divided into two branches: the transaction cost model and the externality model. The two models provide a relatively complete positive theory of nuisance law. Under the externality model, nuisance law optimally regulates activity levels. Nuisance law...
Persistent link: https://www.econbiz.de/10014211119
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Production of legal rules
Parisi, Francesco (contributor);  … - 2011
Persistent link: https://www.econbiz.de/10009409088
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Rechtshandbuch E-Business : rechtliche Rahmenbedingungen für Geschäfte im Internet
Kaminski, Bert (ed.); Henßler, Thomas (contributor);  … - 2002
Persistent link: https://www.econbiz.de/10001613180
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The degree of judicial enforcement and credit markets : evidence from Japanese household panel data
Horioka, Charles; Sekita, Shizuka - 2009
being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel … credit rationed and decreases loan size. Furthermore, we find that better judicial enforcement increases the probability of … bankruptcy, a result that is consistent with lax screening effects. -- Judicial enforcement ; Credit allocation ; Credit …
Persistent link: https://www.econbiz.de/10003921866
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The degree of judicial enforcement and credit markets : evidence from Japanese household panel data
Horioka, Charles; Sekita, Shizuka - 2010
being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel … credit rationed and decreases loan size. Furthermore, we find that better judicial enforcement increases the probability of …
Persistent link: https://www.econbiz.de/10003925149