2008•Zhongnan Cai-jing Daxue xuebaoRequires access

Review of the Theory of the Property Rights Delineation in the New Institutional Economics

Yuan Qing-ming

Abstract

Founding the importance of the property rights delineation in the allocation of resources and market exchange is Coase's contribution to the development of Economics.After Coase,Demsetz opened out the form and engender mechanism of the property rights delineation,Posner put forward the universality rule in the property rights delineation,Barzel opened out relativity of the property rights delineation,North studied the aim and problem of state in the property rights delineation.

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Key concepts: Coase theorem, Property rights, Universality (dynamical systems), Economics, Property (philosophy), Law and economics, Neoclassical economics, Microeconomics