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Contracting for Property Rights : Peid - Gary D. Libecap

Contracting for Property Rights


Paperback Published: 27th June 1994
ISBN: 9780521449045
Number Of Pages: 144

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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, and 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.

Industry Reviews

'The case studies are enjoyable to read ... Libecap has been a major contributor to the literature on the efficiency gains to be had from more specificity in property rights assignments. The book reinforces that view but more importantly addresses the more difficult question as to why societies allow themselves to be victims of the tragedy of the commons.' Journal of Economic History 'The book well summarises Professor Libecap's well-known and highly respected work on the emergence of property rights, with a more general analytical chapter added ... This is a fine book.' Journal of Comparative Economics

Series editors+ preface
Contracting for property rights
Analytical framework
Contracting for mineral rights
Contracting for changes in federal land policies
Contracting in fisheries
Contracting for the utilization of oil fields
Concluding remarks
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521449045
ISBN-10: 0521449049
Series: Peid
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 144
Published: 27th June 1994
Country of Publication: GB
Dimensions (cm): 22.91 x 15.29  x 1.09
Weight (kg): 0.21