Academic Journals Database
Disseminating quality controlled scientific knowledge

An Institutionalist Outlook On The Origins Of Property From The Perspective Of Transaction Costs

ADD TO MY LIST
 
Author(s): Pohoata Ion | Iacobuta Andreea-Oana

Journal: Annals of the University of Oradea : Economic Science
ISSN 1222-569X

Volume: 2;
Issue: 1;
Start page: 364;
Date: 2008;
VIEW PDF   PDF DOWNLOAD PDF   Download PDF Original page

Keywords: institutionalists | new institutionalists | property | transaction costs | allocation | appropriation | exclusion | delimitation | arrangement of rights | externality

ABSTRACT
In new institutionalists’ analysis, the transaction costs are essential in explaining the origin of private property; however, this aspect is not that obvious in old institutionalists’ works. But even if they did not emphasize on this issue, they created a theoretical-explanatory background used and enriched with logical arguments and numerous examples by the new institutionalists in order to point out that it is not possible to explain the origin of property rights without taking into account the transaction costs theory.
Affiliate Program      Why do you need a reservation system?