Wednesday, March 31, 2010

"Property Rights"

For those who prefer their explanations of property theory to come with formal mathematical models, Ilya Segal (Stanford) and Michael D. Whinston (Northwestern) have posted this working paper at SSRN, which will be published as a chapter in the forthcoming Handbook of Organizational Economics (Gibbons and Roberts, eds, Princeton University Press).

The chapter seems comprehensive and useful (with or without the math).

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