IDEAS home Printed from https://ideas.repec.org/a/ora/journl/v2y2008i1p364-368.html
   My bibliography  Save this article

An Institutionalist Outlook On The Origins Of Property From The Perspective Of Transaction Costs

Author

Listed:
  • Pohoata Ion

    (“Al.I.Cuza” University of Iasi, Faculty of Economics and Business Administration)

  • Iacobuta Andreea-oana

    (“Al.I.Cuza” University of Iasi, Faculty of Economics and Business Administration)

Abstract

In new institutionalists’ analysis, the transaction costs are essential in explaining the origin of private property; however, this aspect is not that obvious in old institutionalists’ works. But even if they did not emphasize on this issue, they created a theoretical-explanatory background used and enriched with logical arguments and numerous examples by the new institutionalists in order to point out that it is not possible to explain the origin of property rights without taking into account the transaction costs theory.

Suggested Citation

  • Pohoata Ion & Iacobuta Andreea-oana, 2008. "An Institutionalist Outlook On The Origins Of Property From The Perspective Of Transaction Costs," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 2(1), pages 364-368, May.
    • Handle: RePEc:ora:journl:v:2:y:2008:i:1:p:364-368
    as

    Download full text from publisher

    File URL: http://steconomice.uoradea.ro/anale/volume/2008/v2-economy-and-business-administration/061.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    2. Robert H. Bates, 2005. "Political Reform," CID Working Papers 114, Center for International Development at Harvard University.
    3. Veblen, Thorstein, 1898. "The Beginnings of Ownership," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 4.
    4. Douglass C. North & Robert Paul Thomas, 1977. "The First Economic Revolution," Economic History Review, Economic History Society, vol. 30(2), pages 229-241, May.
    5. McManus, John C., 1972. "An Economic Analysis of Indian Behavior in the North American Fur Trade," The Journal of Economic History, Cambridge University Press, vol. 32(1), pages 36-53, March.
    6. Anderson, Terry L & Hill, Peter J, 1975. "The Evolution of Property Rights: A Study of the American West," Journal of Law and Economics, University of Chicago Press, vol. 18(1), pages 163-179, April.
    7. Furubotn, Eirik G & Pejovich, Svetozar, 1972. "Property Rights and Economic Theory: A Survey of Recent Literature," Journal of Economic Literature, American Economic Association, vol. 10(4), pages 1137-1162, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Edwards, Steven F., 2003. "Property rights to multi-attribute fishery resources," Ecological Economics, Elsevier, vol. 44(2-3), pages 309-323, March.
    2. Douadia Bougherara & Gilles Grolleau & Naoufel Mzoughi, 2009. "The ‘make or buy’ decision in private environmental transactions," European Journal of Law and Economics, Springer, vol. 27(1), pages 79-99, February.
    3. Morawska Sylwia & Prusak Błażej & Banasik Przemysław & Woźniak-Jęchorek Beata, 2019. "Sanctions and their role in preventing the appropriation of the creditor’s property rights in bankruptcy proceedings–the case of Poland," Economics and Business Review, Sciendo, vol. 5(1), pages 93-113, March.
    4. Jongwook Kim & Joseph T. Mahoney, 2002. "Resource-based and property rights perspectives on value creation: the case of oil field unitization," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 23(4-5), pages 225-245.
    5. Martina Eckardt & Wolfgang Kerber, 2024. "Property rights theory, bundles of rights on IoT data, and the EU Data Act," European Journal of Law and Economics, Springer, vol. 57(1), pages 113-143, April.
    6. Harris,Colin & Cai,Meina & Murtazashvili,Ilia & Murtazashvili,Jennifer Brick, 2020. "The Origins and Consequences of Property Rights," Cambridge Books, Cambridge University Press, number 9781108969055, September.
    7. David K. Lambert, 1995. "Grazing On Public Rangelands: An Evolving Problem Of Property Rights," Contemporary Economic Policy, Western Economic Association International, vol. 13(2), pages 119-128, April.
    8. Haggard, Stephan & Tiede, Lydia, 2011. "The Rule of Law and Economic Growth: Where are We?," World Development, Elsevier, vol. 39(5), pages 673-685, May.
    9. Kim, Jongwook & Mahoney, Joseph T., 2005. "Appropriating Economic Rents from Resources: An Integrative Property Rights and Resource-Based Approach," Working Papers 05-0123, University of Illinois at Urbana-Champaign, College of Business.
    10. Dolejší, David, 2018. "Coproduction of property rights: The management of watercourses in pre-modern Bohemia," International Review of Law and Economics, Elsevier, vol. 53(C), pages 50-59.
    11. Kim, Jongwook & Mahoney, Joseph T., 2008. "A Strategic Theory of the Firm as a Nexus of Incomplete Contracts: A Property Rights Approach," Working Papers 08-0108, University of Illinois at Urbana-Champaign, College of Business.
    12. Dan Bogart & Gary Richardson, 2011. "Property Rights and Parliament in Industrializing Britain," Journal of Law and Economics, University of Chicago Press, vol. 54(2), pages 241-274.
    13. N/A, 1974. "Review Section : BRUCE ACKERMAN and SUSAN ROSE-ACKERMAN, DALE W. HENDERSON, and JAMES W. SAWYER, JR. (1974) The Uncertain Search for Environmental Quality. New York: The Free Press. BARRY COMMONER (19," Journal of Conflict Resolution, Peace Science Society (International), vol. 18(3), pages 536-552, September.
    14. Wang, Sen & Bogle, Tim & van Kooten, G. Cornelis, 2012. "Forestry and the New Institutional Economics," Working Papers 130818, University of Victoria, Resource Economics and Policy.
    15. Joost Pennings & Willem Heijman & Matthew Meulenberg, 1997. "The Dimensions of Rights: A Classification of Environmental Rights and Production Rights," European Journal of Law and Economics, Springer, vol. 4(1), pages 55-72, January.
    16. Akee, Randall K. Q., 2006. "Checkerboards and Coase: Transactions Costs and Efficiency in Land Markets," IZA Discussion Papers 2438, Institute of Labor Economics (IZA).
    17. Janet Kiholm Smith & Richard L. Smith, 1984. "State and Local Fiscal Policy: Implications for Property Values and Economic Growth," Public Finance Review, , vol. 12(1), pages 51-76, January.
    18. Bruno Tinel, 2004. "Que reste-t-il de la contribution d'Alchian et Demsetz à la théorie de l'entreprise ?," Post-Print halshs-00270895, HAL.
    19. Bertacchini, Enrico & Grazzini, Jakob & Vallino, Elena, 2013. "Emergence and Evolution of Property Rights: an Agent Based Perspective," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201340, University of Turin.
    20. Orhnial, Tony, 1980. "Some economic aspects of limited liability laws," Discussion Papers, Series I 141, University of Konstanz, Department of Economics.

    More about this item

    Keywords

    institutionalists; new institutionalists; property; transaction costs; allocation; appropriation; exclusion; delimitation; arrangement of rights; externality;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • A10 - General Economics and Teaching - - General Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ora:journl:v:2:y:2008:i:1:p:364-368. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catalin ZMOLE (email available below). General contact details of provider: https://edirc.repec.org/data/feoraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.