Contracting For Property Rights
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Contracting for Property Rights
| Author | : Gary D. Libecap |
| Publisher | : Cambridge University Press |
| Total Pages | : 148 |
| Release | : 1993 |
| Genre | : Business & Economics |
| ISBN | : 9780521449045 |
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The histories of rights to minerals, range, timber land, fishery and crude oil production in the U.S. are examined to reveal the problems encountered in negotiations among claimants and the political and economic considerations that influence property rights arrangements.
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In this paper we propose a theory of optimal property rights in a financial contracting setting. Following recent contributions in the property law literature,
