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Analýza teorie vlastnických práv
[Theory of Ownership Rights Analysis]

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  • Karel Zeman

Abstract

Liberal ownership rights are the essential basis of proper functioning of market economy, therefore the theory of ownership rights can also be considered the basis of theories governing all the areas of market economy functioning. The currentness of the presented issues in the Czech Republic has been rapidly increasing lately, with regard to the expanding erosion of ownership rights set democratically after 1989. The aim of this paper is to present the results of long-term research in renowned economic magazines, to draw attention to the extraordinarily current nature of the discussed issues determined by increasing instability of ownership rights in the Czech Republic in recent years and to promote an expert discussion of this topic in various economic and legal circles.

Suggested Citation

  • Karel Zeman, 2018. "Analýza teorie vlastnických práv [Theory of Ownership Rights Analysis]," Politická ekonomie, Prague University of Economics and Business, vol. 2018(1), pages 99-115.
    • Handle: RePEc:prg:jnlpol:v:2018:y:2018:i:1:id:1178:p:99-115
    DOI: 10.18267/j.polek.1178
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    References listed on IDEAS

    as
    1. Anne Mayhew, 1985. "Dangers in Using the Idea of Property Rights: Modern Property Rights Theory and the Neo-Classical Trap," Journal of Economic Issues, Taylor & Francis Journals, vol. 19(4), pages 959-966, December.
    2. John F. Henry & L. Randall Wray, 1998. "Economic Time," Macroeconomics 9811004, University Library of Munich, Germany.
    3. David Andolfatto, 2002. "A Theory of Inalienable Property Rights," Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 382-393, April.
    4. Mukesh Eswaran & Hugh M. Neary, 2014. "An Economic Theory of the Evolutionary Emergence of Property Rights," American Economic Journal: Microeconomics, American Economic Association, vol. 6(3), pages 203-226, August.
    5. Alex Robson & Stergios Skaperdas, 2008. "Costly enforcement of property rights and the Coase theorem," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(1), pages 109-128, July.
    6. Vijay Mohan, 2014. "A Note On The Property Rights Theory And The Ex Ante Value Of Information," Bulletin of Economic Research, Wiley Blackwell, vol. 66(2), pages 205-215, April.
    7. Manuel F. Ayau, 2006. "Property Rights And The General Theory Of Exchange: Frequently Neglected Implications Of The Division Of Labour And The Law Of Comparative Advantage," Economic Affairs, Wiley Blackwell, vol. 26(1), pages 48-53, March.
    8. Firmin-Sellers, Kathryn, 1995. "The Politics of Property Rights," American Political Science Review, Cambridge University Press, vol. 89(4), pages 867-881, December.
    9. Warren J. Samuels, 1999. "Theories of Property," Journal of Economic Issues, Taylor & Francis Journals, vol. 33(1), pages 183-188, March.
    10. John F. Henry, 1999. "John Locke, Property Rights, and Economic Theory," Journal of Economic Issues, Taylor & Francis Journals, vol. 33(3), pages 609-624, September.
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    More about this item

    Keywords

    ownership rights theory; ownership protection; ownership rights erosion; effective resource allocation; transaction costs; externalities; exclusion of others from consumption;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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