What approach to property rights?

Claude Menard

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: In his rich contribution, Arruñada (2017) debates what institutions are needed to enforce complex ‘sequential' transactions embedded in interdependent private contracts, and more specifically discusses the conditions of their efficiency when it comes to transferring property. Beyond acknowledging the importance of this issue and the very stimulating and often counterintuitive ideas developed in the paper, this short note challenges some of the positions adopted by Arruñada, particularly regarding the relevance of ‘The problem of social cost' (Coase, 1960) for dealing with this issue. It also raises questions about the institutional, hybrid arrangement advocated as the solution for dealing with sequential transactions.

Keywords: Property rights and institutional arrangements; transactions; transaction costs; Hybrids (search for similar items in EconPapers)
Date: 2017-12
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Published in Journal of Institutional Economics, 2017, 13 (4), pp.801-807. ⟨10.1017/S1744137417000145⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: What approach to property rights? (2017)
Working Paper: What approach to property rights? (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:hal-04001058

DOI: 10.1017/S1744137417000145

Access Statistics for this paper

More papers in Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL
Bibliographic data for series maintained by CCSD ().