Property concepts , Microeconomics

Property Concepts

We begin with the definition of different property concepts so as to make a clear understanding of common property resources vis-a-vis other property resources. A resource regime is a structure of rights and duties characterizing the relationship of individuals to one another with respect of that particular resource. It is essential to point out here that property is not an object such as land, but is rather a right to a stream of benefits.

Moreover, implicitly such benefits are secured in the sense that it is the duty of all others to respect the conditions that protect that stream of benefits. We will discuss here four possible property regimes, viz., state property regime, private property regime, common property regime, and non-property regime or open access. Each will be considered here in turn.

Posted Date: 12/17/2012 11:50:43 PM | Location : United States

Related Discussions:- Property concepts , Assignment Help, Ask Question on Property concepts , Get Answer, Expert's Help, Property concepts Discussions

Write discussion on Property concepts
Your posts are moderated
Related Questions
unique products in monopoly

A 1500 word research paper on the economic, social or environmental effects of the widespread use of robots in factories (this meets Learning Outcome 4)

Assume that the employer (principle) wants its employee (agent) to work hard [You can safely assume that this maximizes the principle's expected profits from his business]. There a

Population census: A population census is the head count of people living in a geographical area or in a country. A population census collects comprehensive data on people to

according to Tobin 1993,examples of Keynesian unemployment includes situation where

What is third degree price discrimination? Explain with case analysis,give two successful & unsuccessful cases of 3rd degree price discrimination.

explain the traditional theory of cost with suitable diagrams.explain why LAC curve is not U shaped?

Uses of national income statistics: - It helps to organize economic data and activities. - It helps to classify economic activities into various segments or sectors. - It he

Differentiate between inflation and unemployment.  Inflation is an increase in the general price level that results in a decline in the purchasing power of money. In economics,

analyse the rise and fall in the price under market equillibrium situation?