Can We Distribute Goods Efficiently Without Property Rights?.

Format:

Video

Series:

Academic Video Online

Language:

English

Subjects (All):

Business logistics.

Physical Description:

1 online resource (15 minutes)

Place of Publication:

[Place of publication not identified] : Latest Thinking, [date of publication not identified]

System Details:

video file

Summary:

Even in the absence of absolute property rights, ex-post bargaining may lead to efficient distribution of goods, CHRISTOPH ENGEL explains in this video. The findings of this research thus extend the domain of the Coase theorem. In the experiment, with a society of two individuals and a single commodity, a good ends up with the individual who values it most even if only relative property rights - i.e., rights only against other parties to a contract - are provided.

Notes:

Title from resource description page (viewed August 24, 2020).

Includes bibliographical references.