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Contracting for Property Rights

Author

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  • Libecap,Gary D.

Abstract

In this book the author examines the problems encountered in negotiations among claimants and the political and economic considerations that influence property rights arrangements. The histories of mineral rights, rights to range and timber land, as well as fishery and crude oil production rights in the United States are examined and reveal a surprising variety of contractual negotiations and economic outcomes. The author concludes that in addition to an analysis of distributional outcomes, an examination of the details of the political bargaining underlying property rights contracts is essential to an understanding of why rights emerge as they do. The book is an important contribution to both property rights theory and to American economic history.

Suggested Citation

  • Libecap,Gary D., 1994. "Contracting for Property Rights," Cambridge Books, Cambridge University Press, number 9780521449045, January.
    • Handle: RePEc:cup:cbooks:9780521449045
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    Cited by:

    1. David Martimort & Jérôme Pouyet & Francesco Ricci, 2018. "Extracting information or resource? The Hotelling rule revisited under asymmetric information," RAND Journal of Economics, RAND Corporation, vol. 49(2), pages 311-347, June.
    2. Leibbrandt, Andreas & Lynham, John, 2018. "Does the allocation of property rights matter in the commons?," Journal of Environmental Economics and Management, Elsevier, vol. 89(C), pages 201-217.
    3. Eckardt, Martina, 1999. "The Evolution of the German Tort Law in the 19th Century - An Economic Analysis of the Evolution of Law," Thuenen-Series of Applied Economic Theory 23, University of Rostock, Institute of Economics.
    4. Pavel Kuchař, 2016. "Entrepreneurship and institutional change," Journal of Evolutionary Economics, Springer, vol. 26(2), pages 349-379, May.
    5. Kjell Hausken & Thomas Plumper, 1998. "The impact of actor heterogeneity on the provision of international public goods," International Interactions, Taylor & Francis Journals, vol. 25(1), pages 61-94, August.
    6. Pankaj C. Patel & James O. Fiet, 2011. "Knowledge Combination and the Potential Advantages of Family Firms in Searching for Opportunities," Entrepreneurship Theory and Practice, , vol. 35(6), pages 1179-1197, November.
    7. Eli P Fenichel & Yukiko Hashida, 2019. "Choices and the value of natural capital," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 35(1), pages 120-137.
    8. 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.

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