Ownership Externalities and the Market as a Public Good

Albino Barrera

Chapter Chapter 8 in Globalization and Economic Ethics, 2007, pp 189-208 from Palgrave Macmillan

Abstract: Abstract Distribution according to entitlement is the third criterion examined by Konow (2003). The best exponent of this approach is Robert Nozick (1974, 150–53) who argues that justice in both the acquisition and transfer of properties entitles their proprietors to receive whatever is their due from ownership of such holdings. Societal output ought to be divided according to what people bring to the marketplace and what they contribute.

Keywords: Tacit Knowledge; Market Participant; Distributive Justice; Economic Agent; Network Externality (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-60976-1_8

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DOI: 10.1057/9780230609761_8

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