Politická ekonomie 2018, 66(1):99-115 | DOI: 10.18267/j.polek.1178

Analýza teorie vlastnických práv

Karel Zeman
Karel Zeman (karelzeman@email.cz), Vysoká škola ekonomická v Praze, Národohospodářská fakulta

Theory of Ownership Rights Analysis

Liberal ownership rights are the essential basis of proper functioning of market economy, therefore the theory of ownership rights can also be considered the basis of theories governing all the areas of market economy functioning. The currentness of the presented issues in the Czech Republic has been rapidly increasing lately, with regard to the expanding erosion of ownership rights set democratically after 1989. The aim of this paper is to present the results of long-term research in renowned economic magazines, to draw attention to the extraordinarily current nature of the discussed issues determined by increasing instability of ownership rights in the Czech Republic in recent years and to promote an expert discussion of this topic in various economic and legal circles.

Keywords: ownership rights theory, ownership protection, ownership rights erosion, effective resource allocation, transaction costs, externalities, exclusion of others from consumption
JEL classification: B31, D23, Q15

Published: February 1, 2018  Show citation

ACS AIP APA ASA Harvard Chicago IEEE ISO690 MLA NLM Turabian Vancouver
Zeman, K. (2018). Theory of Ownership Rights Analysis. Politická ekonomie66(1), 99-115. doi: 10.18267/j.polek.1178
Download citation

References

  1. Alchian, A. A., Demsetz H. (1973). The Property Right Paradigm. Journal of Economic History, 33(1), 16-27, https://doi.org/10.1017/s0022050700076403 Go to original source...
  2. Andolfatto, D. (2002). A Theory of Inalienable Property Rights. Journal of Political Economy, 110(2), 382-393, https://doi.org/10.1086/338742 Go to original source...
  3. Ayau, M. F. (2006). Property Rights and the General Theory of Exchange: Frequently Neglected Implications of the Division of Labour and the Law of Comparative Advantage. Economic Affairs, 26(1), 48-53, https://doi.org/10.1111/j.1468-0270.2006.00612.x Go to original source...
  4. Besley, T. (1995). Property Rights and Investment Incentives: Theory and Evidence from Ghana. Journal of Political Economy, 103(5), 903-937, https://doi.org/10.1086/262008 Go to original source...
  5. Cole, D. H., Grossman, P. Z. (2002). The Meaning of Property Rights: Law versus Economics? Land Economics, 78(3), 317-330, https://doi.org/10.2307/3146892 Go to original source...
  6. Conybeare, J. A. C. (1980). International Organization and the Theory of Property Rights. International Organization, 34(3), 307-334, https://doi.org/10.1017/s0020818300032355 Go to original source...
  7. Ellis, E. (2006). Citizenship and Property Rights: a New Look at Social Contract Theory. Journal of Politics, 68(3), 544-555, https://doi.org/10.1111/j.1468-2508.2006.00444.x Go to original source...
  8. Eswaran, M., Neary, H. M. (2014). An Economic Theory of the Evolutionary Emergence of Property Rights. American Economic Journal: Microeconomics, 6(3), 203-226, https://doi.org/10.1257/mic.6.3.203 Go to original source...
  9. Faraci, D. (2014). Do Property Rights Purppose Scarity? Journal of Business Ethics, 125(3), 531-537, https://doi.org/10.1007/s10551-013-1866-0 Go to original source...
  10. Firmin-Sellers, K. (1995). The Politics of Property Rights. American Political Science Review, 89(4), 867-881, https://doi.org/10.2307/2082514 Go to original source...
  11. Furubotn, E. G., Pejovich S. (1972). Property Rights and Economic Theory: a Survey of Recent Literature. Journal of Economic Literature, 10, 1137-1162.
  12. Henry, J. F. (1999). John Locke, Property Rights, and Economic Theory. Journal of Economic Issues, 33(3), 609-624, https://doi.org/10.1080/00213624.1999.11506188 Go to original source...
  13. Jongwook, K., Mahoney, J. T. (2005). Property Rights Theory, Transaction Cost Theory, and Agency Theory: an Organizational Economics Approach to Strategic Management. Managerial and Decision Economics, 26(4), 223-242, https://doi.org/10.1002/mde.1218 Go to original source...
  14. Leblang, D. A. (1996). Property Rights, Democracy and Economic Growth. Political Research Quarterly, 49(1), 5-26, https://doi.org/10.1177/106591299604900102 Go to original source...
  15. Mayhew, A. (1985). Dangers in Using the Idea of Property Rights: Modern Property Rights Theory and the Neo-classical Trap. Journal of Economic Issues, 19(4), 959-966, https://doi.org/10.1080/00213624.1985.11504447 Go to original source...
  16. Mohan, V. (2014). A Note on the Property Rights Theory and the Ex Ante Value of information. Bulletin of Economic Research, 66(2), 205-215, https://doi.org/10.1111/j.1467-8586.2011.00412.x Go to original source...
  17. Narveson, J. (2010). Property and Rights. Social Philosophy and Policy, 27(1), 101-134. Go to original source...
  18. Prasad, B. C. (2003). Institutional Economics and Economic Development: the Theory of Property Rights, Economic Development, Good Governance and the Environment. International Journal of Social Economics, 30(5/6), 741-762, https://doi.org/10.1108/03068290310474120 Go to original source...
  19. Riker, W. H., Sened, I. (1991). A Political Theory of the Origin of Property Rights: Airport Slots. American Journal of Political Science, 35(4), 951-969, https://doi.org/10.2307/2111501 Go to original source...
  20. Robson, A., Skaperdas, S. (2008). Costly Enforcement of Property Rights and the Coase Theorem. Economic Theory, 36(1), 109-128, https://doi.org/10.1007/s00199-007-0268-x Go to original source...
  21. Samuels, W. J. (1999). Theories of Property. Journal of Economic Issues, 33(1), 183-188, https://doi.org/10.1080/00213624.1999.11506141 Go to original source...
  22. Skogh, G., Stuart, Ch. (1982). A Contractarian Theory of Property Rights and Crime. Scandinavian Journal of Economics, 84(1), 27-40, https://doi.org/10.2307/3439777 Go to original source...
  23. Stevens, J. (1996). The Reasonableness of John Locke´s Majority: Property Rights, Consent, and Resistance in the Second Treatise. Political Theory, 24(3), 423-463, https://doi.org/10.1177/0090591796024003007 Go to original source...
  24. Walder, A. G. (1992). Property Rights and Stratification in Socialist Redistributive Economies. American Sociological Review, 57(4), 524-539, https://doi.org/10.2307/2096099 Go to original source...
  25. Xu, G. (2013). Property Rights, Law, and Economic Development. Law and Development Review, 6(1), 117, https://doi.org/10.1515/ldr-2013-0004 Go to original source...
  26. Yifeng, W. (2008). Theory of Property Rights: Comparing Marx with Coase. Social Sciences in China, 29(2), 5-17, https://doi.org/10.1080/02529200802091201 Go to original source...
  27. Yoo, Ch. S. (2012). Beyond Coase: Emerging Technologies and Property Theory. University of Pennsylvania Law Review, 160.
  28. Zeman, K. (2012). Ronald Harry Coase: Zakladatel Law and Economics. Praha: Oeconomica. ISBN 978-80-245-1871-8.

This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.