Property Rights Economics: An Overview

Kirsten Foss () and Nicolai J. Foss ()
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Kirsten Foss: Norwegian School of Economics
Nicolai J. Foss: Copenhagen Business School

Chapter Chapter 3 in Economic Microfoundations of Strategic Management, 2022, pp 37-67 from Springer

Abstract: Abstract Property rights economics emerged around 1960 in the works of Ronald Coase, Armen Alchian, and Harold Demsetz. It highlighted the property right as the key unit of analysis and analyzed the (transaction) costs of establishing, enforcing, and exchanging property rights. As the approach developed it became an extension of price theory to contracts and institutions and how they structure interaction.

Date: 2022
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DOI: 10.1007/978-3-031-12910-0_3

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