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Theory of Property Rights With Applications to the California Gold Rush ePub download

by John R. Umbeck

  • Author: John R. Umbeck
  • ISBN: 0813816750
  • ISBN13: 978-0813816753
  • ePub: 1486 kb | FB2: 1331 kb
  • Language: English
  • Category: Social Sciences
  • Publisher: Iowa State Pr; 1st edition (September 30, 1981)
  • Pages: 158
  • Rating: 4.6/5
  • Votes: 306
  • Format: lrf txt txt lit
Theory of Property Rights With Applications to the California Gold Rush ePub download

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A theory of property rights. with application to the California gold rush. 1st ed. by John R. Published 1981 by Iowa State University Press in Ames.

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Notes on: John Umbeck, A Theory of Property Rights: With Application to the California Gold Rush, Ames, Iowa: Iowa State University Press, 1981. Essentially the argument is that a miner has to consider the tradeoff between the benefits of having a bigger claim and the opportunity cost of the additional time needed to defend the bigger claim against encroachers. Clearly one miner might spend all of his time protecting a big claim and have no time to work the claim.

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The California Gold Rush: A Study of Emerging Property Rights. The concept of property rights is not an easy one to define unambigu-ously. The key to understanding it is probably to be found in the notion of exclusivity

The California Gold Rush: A Study of Emerging Property Rights. Department of Economics, Purdue University. The key to understanding it is probably to be found in the notion of exclusivity. For an individual or group of individuals to claim a right to some property they must first be able to exclude all other potential claimants. With the competition excluded, the individual can then decide how the property will be used and who shall get the income derived from it. Of less importance, but generally included in the concept of property right, is the notion of transferability.

book by John R. ISBN13:9780813816753. Release Date:October 1981.

A Theory of Property Rights, With Application to the California Gold Rush. Reports of Land Cases Determined in the United States District Court for the Northern District of California, June Term 1853 to June Term 1858, Inclusive.

A theory of property rights: With application to the California gold rush. The book is organized in three parts

A theory of property rights: With application to the California gold rush. The book is organized in three parts. Part II tests several predictions derived from a standard risk-sharing model of contracts and finds little evidence that risk sharing is important in contract choice.

A study of the emergence of Property Rights through an empirical investigation of the California Gold Rush: Legal Constraints, First Contracts, Private Property Rights in Mining Lands, Violence and Initial Distributions, Violence and Restrictions. The author was a Professor of Economics at Purdue University.
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