Toward a Theory of Property Rights
Toward a Theory of Property Rights
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DOI：
10.1057/9780230523210_9
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发表时间：
1967
期刊：
影响因子：
--
通讯作者：
H. Demsetz
中科院分区：
文献类型：
--
作者：
H. Demsetz
当一笔交易在市场上完成时，交换的是两束产权。一捆权利通常附属于一种实物商品或服务，但决定交换物价值的是这些权利的价值。在经济学家通常提出的问题之前，首先要解决的是权利束组成部分的出现和组合问题。经济学家通常以财产权束为基准，并要求解释决定价格和这些权利所附带的商品单位数量的力量。在本文中，我试图塑造产权经济理论的一些要素。本文共分为三个部分。第一部分简要论述了产权的概念及其在社会制度中的作用。第二部分为考察产权的产生提供了一些指导。第三部分阐述了一些原则，这些原则与将产权合并成特定的束以及确定与这些束相关联的所有权结构有关。
When a transaction is concluded in the marketplace, two bundles of property rights are exchanged. A bundle of rights often attaches to a physical commodity or service, but it is the value of the rights that determines the value of what is exchanged. Questions addressed to the emergence and mix of the components of the bundle of rights are prior to those commonly asked by economists. Economists usually take the bundle of property rights as a datum and ask for an explanation of the forces determining the price and the number of units of a good to which these rights attach.In this paper, I seek to fashion some of the elements of an economic theory of property rights. The paper is organized into three parts. The first part discusses briefly the concept and role of property rights in social systems. The second part offers some guidance for investigating the emergence of property rights. The third part sets forth some principles relevant to the coalescing of property rights into particular bundles and to the determination of the ownership structure that will be associated with these bundles.