Relative Property Rights - Osvaldo Grajales.ppt

O S V A L D O G R A J A L E S U N I V E R S I T Y O F A P P L I E D S C I E N C E S S C H M A L K A L D E N I N S T I T U T I O N A L E C O N O M I C S P R O F. D R . K O N R A D B E I WI N K E L AGENDA 1. Contractual Obligations 2. Basic Principles of Contractual Obligations 3. Types of Contractual Obligations 4. Contracts Theory Economist Viewpoint 5. Economic Contract Theories 6. Types of Private Ordering 7. Williamson´s Efficient Governance Models 1. CONTR
of 25
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Related Documents
  OSVALDO GRAJALES UNIVERSITY OF APPLIED SCIENCES SCHMALKALDEN INSTITUTIONAL ECONOMICS PROF. DR. KONRAD BEIWINKEL  AGENDA 1.Contractual Obligations 2.Basic Principles of Contractual Obligations 3.Types of Contractual Obligations 4.Contracts Theory Economist Viewpoint 5.Economic Contract Theories 6.Types of Private Ordering 7.Williamson´s Efficient Governance Models  1.CONTRACTUAL OBLIGATIONS People in modern society operate within a social network of legally binding and legally nonbinding obligations into which they enter either voluntarily or though compulsion. Relative property rights consist of a claim of a certain individual (obligee), against one or more other individuals (the obligor/s), and can only be exercised by them.  2. BASIC PRINCIPLES OF CONTRACTUAL OBLIGATIONS Contractual obligations can be prepared, concluded and exercised within various institutional frameworks. Neoclassical Economics - Crucial institutions are taken to be the market and the firm Focus on ideal types of the “Perfect Market” and the “Profit Maximizing” - Obligations are controlled by competition in a world full of information. Neoclassical Firm  –  Contractual obligations are directed by an efficient hierarchy. Which can process information instantly and costlessly.
Related Search
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks

We need your sign to support Project to invent "SMART AND CONTROLLABLE REFLECTIVE BALLOONS" to cover the Sun and Save Our Earth.

More details...

Sign Now!

We are very appreciated for your Prompt Action!