Title: Barzel's Theory of Property Rights and its Application Value
Abstract:The characteristics of Barzel's theory of property rights is that he used property rights and the public domain to describe the relative property rights, with the contract to allocate the changes and ...The characteristics of Barzel's theory of property rights is that he used property rights and the public domain to describe the relative property rights, with the contract to allocate the changes and the remaining claims. The main contribution is that the property right is to assign to a person or a different person should be based on the efficiency criterion,imposing restrictions on property rights is the effective way to limit the loss of interest in the public domain. The organization is a means to allocate the change and the residual claim right. Its application value are follows: the variability and residual claim right can explain the land revenue of distribution relationship between farmers and the state, maximum compression of public domain is an important method to prevent corruption, the formation of the environment for compliance with the contract is the basis for the effective implementation of the property right. Especially under the new normal government control, the formation of the environment for compliance with the contract is an effective ways to avoid the relax a mess cycle.Read More
Publication Year: 2016
Publication Date: 2016-01-01
Language: en
Type: article
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