Property Rights or Basic Marketing

Property Rights: Cooperation, Conflict, and Law

Author: Terry Lee Anderson

The institution of property is as old as mankind, and property rights are today deemed vital to a prosperous economic system. Much has been written in the last decade on the economics of the legal institutions protecting such rights. This unprecedented book provides a magnificent introduction to the subject. Terry Anderson and Fred McChesney have gathered twelve leading thinkers to explore how property rights arise, and how they bolster economic development. As the subtitle indicates, the book examines as well how controversies over valuable property rights are resolved: by agreement, by violence, or by law.

The essays begin by surveying the approaches to property taken by early political economists and move to colorful applications of property rights theory concerning the Wild West, the Amazon, endangered species, and the broadcast spectrum. These examples illustrate the process of defining and defending property rights, and demonstrate what difference property rights make. The book then considers a number of topics raised by private property rights, analytically complex topics concerning pollution externalities, government taking of property, and land use management policies such as zoning.

Overall, the book is intended as an introduction to the economics and law of property rights. It is divided into six parts, with each featuring an introduction by the editors that integrates prior chapters and material in coming chapters. In the end, the book provides a fresh, comprehensive overview of an intriguing subject, accessible to anyone with a minimal background in economics. With chapters written by noted experts on the subject, Property Rights offers the first primeron the subject ever produced. In addition to the editors, the contributors are Louise De Alessi, Yoram Barzel, Harold Demsetz, Thráinn Eggertsson, Richard A. Epstein, William A. Fischel, David D. Haddock, Peter J. Hill, Gary D. Libecap, Dean Lueck, Edwin G. West, and Bruce Yandle.

Table of Contents:

	List of Figures and Tables
	Acknowledgments
	Introduction: The Economic Approach to Property Rights	1
1	Property Rights in the History of Economic Thought: From Locke to J. S. Mill	20
2	Property Rights in the Firm	43
3	Open Access versus Common Property	73
4	Gains from Private Property: The Empirical Evidence	90
5	The Evolution of Property Rights	118
6	Contracting for Property Rights	142
7	Force, Threat, Negotiation: The Private Enforcement of Rights	168
8	First Possession as the Basis of Property	200
9	Government as Definer of Property Rights: Tragedy Exiting the Commons?	227
10	Property Rights or Externalities?	259
11	Ownership and the Externality Problem	282
12	In and Out of Public Solution: The Hidden Perils of Forced and Unforced Property Transfer	307
13	Public Good and Property Rights: Of Coase, Tiebout, and Just Compensation	343
	References	365
	Cases Cited	391
	About the Editors and Authors	393
	Index	395

Interesting book: Smoothies or You on a Diet

Basic Marketing

Author: Jr William D Perreault

Embodying the continuous improvement and constant innovation of the market's most talented-and most driven-author,Bill Perreault,this latest edition of the marketing classic takes on the virtual corporation of the late '90s and beyond,addresses relationship marketing thoughtfully throughout,and expands its discussions of global issues,ethics,IMC,cross-functional topics,customer satisfaction,business-to-business,services and more!