IDEAS home Printed from https://ideas.repec.org/p/upa/wpaper/0013.html
   My bibliography  Save this paper

Institutional Analysis of Property Rights: Means of Individualization (Trademark) as an Institutional Alternative in Ensuring Quality and Specific Performance

Author

Listed:
  • Shulga Ivan

    (Department of Economics, Lomonosov Moscow State University)

  • Eliseev Aleksander

    (Department of Economics, Lomonosov Moscow State University)

  • Kuznetsova Tatiana

    (Department of Economics, Lomonosov Moscow State University)

Abstract

The paper provides analysis of means of individualization (trademarks) as an institutional alternative to ensure quality of market goods and to enforce specific contractual performance of sellers and buyers. In general, the price mechanism as described in the perfect competition paradigm fails to ensure efficient market exchange of sophisticated goods and supplementary institutions such as a reputational mechanism are often required. Means of individualization as part of the reputational mechanism contribute to increasing efficiency of the market exchange by ensuring quality of market goods and, in broader context, by enforcing specific performance within the market contracts. The paper provides analysis of advantages and disadvantages of the means of individualization as compared with its institutional alternatives - “pure” market institutions, and centralized regulation of quality/contract performance

Suggested Citation

  • Shulga Ivan & Eliseev Aleksander & Kuznetsova Tatiana, 2014. "Institutional Analysis of Property Rights: Means of Individualization (Trademark) as an Institutional Alternative in Ensuring Quality and Specific Performance," Working Papers 0013, Moscow State University, Faculty of Economics.
    • Handle: RePEc:upa:wpaper:0013
    as

    Download full text from publisher

    File URL: https://www.econ.msu.ru/sys/raw.php?o=10779&p=attachment
    File Function: First version, 2014
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    trademark; means of individualization; brand; institutional alternatives; transaction costs; intellectual property;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:upa:wpaper:0013. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gregory Kalyagin (email available below). General contact details of provider: https://edirc.repec.org/data/femsuru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.