Universidade federal do rio grande do sul faculdade de ciências econômicas programa de pós-graduação em economia
01 Jan 2011-
About: The article was published on 2011-01-01 and is currently open access. It has received 1 citations till now.
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01 Jan 2009
TL;DR: Octavio et al. as mentioned in this paper presented an economic model for Pos Graduacao em Economia da UFRGS, which can be seen as an extension of the one presented here.
Abstract: ∗ Economista, Tecnico da Fundacao de Economia e Estatistica (FEE/RS) e Professor Adjunto do Programa de Pos Graduacao em Economia da UFRGS. Email: octavio@fee.tche.br.
5 citations
References
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Book•
10 Oct 2016
TL;DR: In this paper, it is argued that the suggested courses of action are inappropriate, in that they lead to results which are not necessarily, or even usually, desirable, and therefore, it is recommended to exclude the factory from residential districts (and presumably from other areas in which the emission of smoke would have harmful effects on others).
Abstract: This paper is concerned with those actions of business firms which have harmful effects on others. The standard example is that of a factory the smoke from which has harmful effects on those occupying neighbouring properties. The economic analysis of such a situation has usually proceeded in terms of a divergence between the private and social product of the factory, in which economists have largely followed the treatment of Pigou in The Economics of Welfare. The conclusions to which this kind of analysis seems to have led most economists is that it would be desirable to make the owner of the factory liable for the damage caused to those injured by the smoke, or alternatively, to place a tax on the factory owner varying with the amount of smoke produced and equivalent in money terms to the damage it would cause, or finally, to exclude the factory from residential districts (and presumably from other areas in which the emission of smoke would have harmful effects on others). It is my contention that the suggested courses of action are inappropriate, in that they lead to results which are not necessarily, or even usually, desirable.
11,448 citations
TL;DR: In this paper, questions addressed to the emergence and mix of the components of the bundle of rights are prior to those commonly asked by economists, and they are answered by the authors.
Abstract: When a transaction is concluded in the marketplace, two bundles of property rights are exchanged. A bundle of rights often attaches to a physical commodity or service, but it is the value of the rights that determines the value of what is exchanged. Questions addressed to the emergence and mix of the components of the bundle of rights are prior to those commonly asked by economists. Economists usually take the bundle of property rights as a datum and ask for an explanation of the forces determining the price and the number of units of a good to which these rights attach.
4,043 citations
TL;DR: Coase, Douglass C. North, Masahiko Aoki, Oliver E. Williamson and Harold Demsetz as mentioned in this paper presented new original contributions from some of the worldâs leading economists.
Abstract: This outstanding book presents new original contributions from some of the worldâs leading economists including Ronald Coase, Douglass C. North, Masahiko Aoki, Oliver E. Williamson and Harold Demsetz. It demonstrates the extent and depth of the New Institutional Economics research programme which is having a worldwide impact on the economics profession.
2,481 citations
Posted Content•
TL;DR: Coase, Douglass C. North, Masahiko Aoki, Oliver E. Williamson and Harold Demsetz as discussed by the authors presented new original contributions from some of the worldâs leading economists.
Abstract: This outstanding book presents new original contributions from some of the worldâs leading economists including Ronald Coase, Douglass C. North, Masahiko Aoki, Oliver E. Williamson and Harold Demsetz. It demonstrates the extent and depth of the New Institutional Economics research programme which is having a worldwide impact on the economics profession.
2,074 citations
TL;DR: In this paper, the authors define economic governance as "the structure and functioning of the legal and social institutions that support economic activity and economic transactions by protecting property rights, enforcing contracts, and taking collective action to provide physical and organizational infrastructure".
Abstract: Governance Institutions and Economic Activity By AVINASH DIXIT The concept of “governance” has risen from obscurity to buzzword status in just three decades. EconLit shows only 5 mentions of the word governance in the 1970s; by the end of 2008, it was mentioned 33,177 times. The much more specific phrase “economic governance” has appeared 192 times; its more popular cousin, “corporate governance,” 9,717 times. My focus is on economic governance, but I also examine its relation to corporate governance. As with any buzzword, everyone understands the concept a little differently. This is unavoidable, so I will just give my definition for the purpose of this article, and leave it at that. By economic governance I mean the structure and functioning of the legal and social institutions that support economic activity and economic transactions by protecting property rights, enforcing contracts, and taking collective action to provide physical and organizational infrastructure.
514 citations