Economic analysis of property rights（巴泽尔产权的经济分析）.doc

ECONOMIC ANALYSIS OF PROPERTY RIGHTS second edition YORAM BARZEL published by the press syndicate of the university of cambridge The Pitt Building, Trumpington Street, Cambridge cb2 1rp, United Kingdom cambridge university press The Edinburgh Building, Cambridge cb2 2ru, United Kingdom 40 West 20th Street, New York, ny 10011–4211, usa 10 Stamford Road, Oakleigh, Melbourne 3166, Australia ? Yoram Barzel 1997 This book is in copyright. Subject to statutory exception and to the provisions of relevant collective licensing agreements, no reproduction of any part may take place without the written permission of Cambridge University Press. First edition published 1989 Second edition published 1997 Printed in the United States of America Typeset in Sabon A catalog record for this book is available from the British Library. Library of Congress Cataloging-in-Publication Data Barzel, Yoram. Economic analysis of property rights / Yoram Barzel. – 2nd ed. p.????cm. – (Political economy of institutions and decisions) Includes bibliographical references and index. isbn 0-521-59275-5. – isbn 0-521-59713-7 (pbk.) 1.??Property.????2.??Right of property.????I.??Title.????II.??Series. hb701.b37????1997 330.1'7 – dc20????????????????????????96-46106 CIP ISBN 0-521-59275-5 hardback ISBN 0-521-59713-7 paperback Contents Series editors’ preface page vii Preface to the second edition ix Preface to the first edition xi Introduction 1 ??1????The property rights model 3 ??2????The public domain: Rationing by waiting and price controls 16 ??3????Contract choice: The tenancy contract 33 ??4????Divided ownership 55 ??5????The old firm and the new organization 65 ??6????The formation of rights 85 ??7????Slavery 105 ??8????Wealth-maximizing constraints on property rights 114 ??9????Property rights and non-market allocation 128 10????Additional property rights applications 139 11????The property rights model: Recapitulation 148 References 154 Index 159 Series editors’ preface The Cam