Contracting for Property Rights
Book Details
Format
Hardback or Cased Book
Book Series
Political Economy of Institutions and Decisions
ISBN-10
0521366208
ISBN-13
9780521366205
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jan 26th, 1990
Print length
142 Pages
Weight
348 grams
Product Classification:
Land rightsPolitical economy
Ksh 6,750.00
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Libecap examines the political and economic considerations that influence property rights arrangements in the USA.
In this book the author examines the problems encountered in negotiations among claimants and the political and economic considerations that influence property rights arrangements. The histories of mineral rights, rights to range and timber land, as well as fishery and crude oil production rights in the United States are examined and reveal a surprising variety of contractual negotiations and economic outcomes. The author concludes that in addition to an analysis of distributional outcomes, an examination of the details of the political bargaining underlying property rights contracts is essential to an understanding of why rights emerge as they do. The book is an important contribution to both property rights theory and to American economic history.
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