Y Barzel - 1997 - books.google.com
This is a study of the way individuals organise the use of resources in order to maximise the
value of their economic rights over these resources. Property rights and all forms of
organisation result from people's deliberate actions. In the tradition of Coase, this study ...
Y Barzel - Journal of law and economics, 1982 - JSTOR
PEOPLE will exchange only if they perceive what they get to be more valuable than what
they give. To form such perceptions, the attributes of the traded items have to be measured.
Some measurements are easy to obtain; others pose difficulties. For example, determining ...
Y Barzel - The Review of Economics and Statistics, 1968 - JSTOR
Yoram Barzel* IT is widely recognized that when innovators are unable to realize the full
benefits generated by their innovations the profit motive may not provide an incentive strong
enough for them to innovate at the socially optimal rate. On the other hand, it has not been ...
Y Barzel - 2002 - books.google.com
This book models the emergence of the state, and the forces that shape it. State creation is
bound to protection needs. A specialized protector-ruler is efficient, but is also self-seeking.
Individuals will install a ruler only after they create a mechanism to control him. Among the ...
Y Barzel - Journal of Law and Economics, 1974 - JSTOR
WHEN limited quantities of commodities are provided free by the government, it is frequently
asserted that not all demand is satisfied. Such commodities are often allocated on a first-
come-first-served basis. It will be shown that rationing by waiting, which is the economic ...
Y Barzel… - Public Choice, 1973 - Springer
Recent work by several economists has shown that certain phenomena heretofore
considered within the realm of political science are amenable to analysis via the use of"
economic" models. In particular, the pioneering works of A. Downs [3] and]. Buchanan and ...
Y Barzel - The Journal of Political Economy, 1976 - JSTOR
Because commodities as transacted are complex, tax statutes could not cover all margins
subject to optimization. A tax will induce, then, substitution within the commodity away from
the taxed attributes and into the others. The results of a test on cigarettes are consistent ...
Y Barzel - The Quarterly Journal of Economics, 1973 - qje.oxfordjournals.org
Abstract I. The general framework, 220.—II. Productivity changes and nonlabor income, 225.—
III. Overtime, 227.—IV. The effect of training, 228.—V. Minimum wage and wage ceiling, 230.—
VI. Some aspects of market demand and supply, 233.—VII. Concluding remarks, 234.— ...
Y Barzel - JL & Econ., 1977 - HeinOnline
N recent years, one of the areas singled out as having the potential for wasteful behavior is
that of information. It is claimed that expenditures on certain kinds of information will yield
negative social value. In their maximizing behavior, people seek and use discovered ...
Y Barzel - Zeitschrift für die gesamte Staatswissenschaft/Journal …, 1985 - JSTOR
What are the main effects of the cost of transacting, and what distinguishes them from other
costs? In this paper it is argued that when transaction costs are positive, people are able to
gain at each other's expense. In order to minimize the associated loss, people will agree ...
Y Barzel - Economic Inquiry, 1987 - Wiley Online Library
The collaboration among people is often subject to shirking; the net gain from the
collaboration depends on the contract governing it. I argue that the entrepreneur assumes
the role of the residual claimant because his actions are more costly to monitor than those ...
Y Barzel… - The American economic review, 1973 - JSTOR
The" backward bending" supply curve of labor is now accepted as a matter of course by
most economists. It has no doubt been perplexing to observe that the most commonly
employed types of utility functions do not yield such curves under the usual textbook ...
Y Barzel - Economics of Governance, 2000 - Springer
Using property-rights tools, this paper develops a theory of the transition from despotic to
rule-of-law regimes, relying on the notion that rulers and subjects are interested in
maximizing wealth. Keeping subjects in check enhances despots' internal security, but at ...
Y Barzel… - The quarterly journal of economics, 1990 - qje.oxfordjournals.org
Abstract A general theory of voting, which explains under what conditions voting will be
chosen as a means for allocating resources and how the constitution that governs the voting
will be structured is presented. It is hypothesized that developers of voting organizations ...
Y Barzel - The Journal of Political Economy, 1973 - JSTOR
In his article" Efficiency Aspects of Local School Finance," Barlow (1970) attempts to
compare empirically an actual level of schooling with the optimal one. His basic premise is
that individuals (or households) are private maximizers in their voting behavior. A ...
E Kiser… - Rationality and Society, 1991 - rss.sagepub.com
Abstract This article uses a rational choice model of the origins of democracy to analyze the
political history of medieval England from the Norman conquest to the Hundred Years War.
Why did a country just taken over by a ruler more autocratic than his predecessors ...
Y Barzel - International Review of Law and Economics, 1994 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
Y Barzel - The Journal of Political Economy, 1964 - JSTOR
M OST production-function studies impose highly simplified production-function forms on
their data as the basis for empirical as well as for theoretical work. Such a choice is dictated
by paucity of data, and also by the simplicity and elegance of the simpler forms. The ...
Y Barzel - Public Choice, 1969 - Springer
What is the optimal level of government for the production of collectively produced goods?
Consider the question of mosquito control. The good demanded is" dead mosquitoes." In
Figure i DA, DB, and DC reflect demand curves of three individuals, each representing ...
Y Barzel - Journal of Institutional and Theoretical Economics …, 2005 - ingentaconnect.com
Abstract: Under caveat emptor, buyers effect their measurements prior to exchange. Long-
term relations and contracts allow buyers to measure commodities at consumption. Buyers
use subjective measurements in long-term relations. Contractual guarantees shift ...
Y Barzel - Working Papers, 1997 - ideas.repec.org
What could explain the emergence of parliament and its ascendancy? I argue that dictatorial
kings encountered difficulties in securing the cooperation of their subjects because they
could not commit not to confiscate subjects' gains. Where the gain from cooperation ...
Y Barzel - Economic inquiry, 2004 - Wiley Online Library
Contract stipulations tend to be subject to commodity standards. Standards make it clearer
what transactors have agreed upon. They also bring stipulations from different contracts
under a common denominator. The lower the cost of measuring an attribute and the wider ...
Y Barzel - 1989 - econ.washington.edu
This course consists of the application of standard micro economic theory to the analysis of
economic property rights. It is concerned with the costs associated with delineation and
enforcement of rights; and of the costs of negotiating and enforcing contracts. It deals with ...
Y Barzel - The Review of economics and statistics, 1963 - JSTOR
THIS study investigates the output per unit of input technique as a measure of productivity.
This technique has become quite common in recent years (namely, in the works of
Fabricant, Abramovitz, Solow, Schultz, and most recently and on the largest scale, ...
Y Barzel - Journal of Law and Economics, 1992 - JSTOR
HE power to confiscate is a mixed blessing. A ruler who is truly absolute can confiscate from
his subjects at will. In practice, however, no ruler is as" absolute" as the term implies. For
example, a ruler may have to forgo investment projects that would otherwise increase his ...
Y Barzel - … , Contracts and Organizations. Perspective from New …, 2000 - cenet6.nsd.edu.cn
Definition: The state consists of a set of individuals who are subject to a single ultimate third-
party that uses violence as a means for enforcement. Its territorial boundaries are
demarcated by the reach of its enforcement power. The scope of the state is measured by ...
Y Barzel - The American Economic Review, 1971 - JSTOR
Operationally, the theory of public goods is now at a serious impasse. 1 The two optimum
conditions—the total condition and the marginal condition—cannot be simultaneously
applied in actual policy. The total condition, requiring that total benefits are not less than ...
Y Barzel… - Economic Inquiry, 1997 - Wiley Online Library
This paper argues that in the middle ages voting institutions emerged as mechanisms that
allowed rulers to cooperate with subjects on mutually profitable projects. In spite of their
utility, many of these voting institutions eventually declined. We test the model on the ...
Y Barzel - The Journal of Political Economy, 1970 - JSTOR
Will a monopolistic competitor operate at the minimum point of his average cost curve?
Demsetz argues that this is possible (1959, 1964). In this paper Demsetz's argument is
critically examined and then rejected in favor of a necessarily negative slope at ...
Y Barzel - Economic Inquiry, 1987 - Wiley Online Library
In this paper I suggest that besides Knight's well recognized “uncertainty” explanation of the
firm, he had another one.“Moral hazard” is the central feature in the second, largely
overlooked theory. I argue, and attempt to document, that this theory is not a chance ...
Y Barzel… - Economic Inquiry, 1984 - Wiley Online Library
The recognition that investment in human capital depends on its utilization (ie, the number of
hours it is used) is offered as an explanation of diverse phenomena such as of tourists'
behavior, women's participation rate in the labor force, and the decline of investment in ...
Y Barzel… - The Scandinavian Journal of Economics, 1992 - JSTOR
Thirty years ago" The Problem of Social Cost"[1960] was published. It transformed the field
of Industrial Organization and greatly expanded its scope. We briefly survey the state of the
field before 1960, and then show some of the ways by which Coase's paper changed ...
[CITATION] Economic analysis of property rights
B Yoram - 1997 - Cambridge: Cambridge University …
Y Barzel - The Journal of Political Economy, 1969 - JSTOR
The increase in the price of medical services over the last few decades measured in the
Consumer Price Index (CPI) has exceeded the total for all other items. The clear implication
is that not only have medical services become relatively more expensive but also that the ...
Y Barzel - 2003 - books.google.com
We may well call it" the tragedy of the commons," using the word" tragedy" as the
philosopher Whitehead used it:" The essence of dramatic tragedy is not unhappiness. It
resides in the solemnity of the remorseless working of things."
Y Barzel - 1989 - Wiley Online Library
As a recent article in The New Yorker illustrates, there is a popular impression that the
discipline of economics has long since made its most significant contributions. The article
posits that the social returns of further elaboration of 'high theory'in economics are minimal ...
[CITATION] A Theory of Organizations to Supersede the Theory of the Firm
Y Barzel - University of Washington, September, 2001
[CITATION] Property Rights and the Evolution of the State
Y Barzel… - 1992 - School of Economics, University of …
Y Barzel… - Rationality and society, 2002 - rss.sagepub.com
Abstract We explore the relationship between voting rights and taxation in medieval England
and France. We hypothesize that voting was a wealth-enhancing institution formed by the
ruler in order to facilitate profitable joint projects with subjects. We predict when voting ...
Y Barzel, M Habib… - 2000 - papers.ssrn.com
Abstract: We distinguish between discovery information and private foreknowledge in the
valuation of initial public offerings of corporate securities. An underwriter gathers discovery
information to value and price the issue. The issuing firm relies on this information to make ...
Y Barzel - Journal of Economic Theory, 1972 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks. The
rate of technical progress: The "indianapolis 500". Yoram Barzel. Journal of Economic Theory,
1972, vol. 4, issue 1, pages 72-81. Date: 1972 Track citations by RSS feed. ...
M Casari, D Abreu, D Pearce… - Journal of …, 2007 - Cambridge Univ Press
This article examines changes in institutions that protected property rights in the Alps
between the thirteenth and the nineteenth century and, in particular, alternative
management systems adopted for the common pastures and forests in about 200 ...
Y Barzel… - The Economic Journal, 1992 - JSTOR
The Giffen paradox is one of the most prominent curiosities in economics. Few price theory
textbooks fail to mention the possibility that a utility-maximising consumer may consume
more of a good at a higher price. Fewer textbooks, however, show awareness as to why ...
Y Barzel - American Law and Economics Review, 2000 - ingentaconnect.com
The rise of the field of law and economics has been extremely rapid over the last 25 years.
Among important developments of the 1990s has been the founding of the American Law
and Economics Association. The creation and rapid expansion of the ALEA and the ...
Y Barzel - Economic inquiry, 1981 - Wiley Online Library
1. I am indebted to Douglas Conrad and to Masanori Hashimoto for their comments. This
study was supported by “seed money” from the Center for Health Services Research of the
University of Washington and by a research grant from the Department of Health, ...
Y Barzel - January, preliminary mimeo, 2001 - econ.washington.edu
In this paper I offer a theory of the firm that, among others things, answers two major sets of
questions. The first set includes questions such as: 1. Why firms exist; why aren't all
transactions “in the market” between independent transactors (even better, transactors ...
Y Barzel… - Public Choice, 1975 - Springer
The received literature on public expenditure, with the expection of Buchanan, implicitly
assumes that goods and services provided collectively are not also simultaneously available
through private markets. In real situations, however, private supply is commonly found ...
Y Barzel… - 1977 - books.google.com
Until a few years ago, the economic theory of regulation had a remarkably simple, and
naive, structure. A law or a regulatory decree was issued after a political discussion, and
whether it represented the triumph of special or general interests, it was an exogeneous ...
[CITATION] Optimal Timing of Innovations, 50 REV
Y Barzel - Econ. & Stat, 1968
Y Barzel - 1999 - ecsocman.hse.ru
This book models the emergence and evolution of the rule-of-law state. The protector or
ruler is assumed to be self-seeking. Individuals will install a protector only after they create
institutions to control him. Organized protection engenders legal institutions that enforce ...
Y Barzel, MA Habib… - The Journal of Business, 2006 - JSTOR
We treat information acquisition by potential investors in initial public offerings as
endogenous. With endogenous information, the critical question is why underwriters would
allow investors to spend resources acquiring superior information intended solely to effect ...
Y Barzel - Working Papers, 2007 - econpapers.repec.org
... Please update your bookmarks. Transaction Costs and Contract Choice. Yoram Barzel.
No UWEC-2002-16, Working Papers from University of Washington, Department
of Economics. Date: 2007-01 Track citations by RSS feed. ...
Y Barzel… - Working Papers, 1992 - econ.washington.edu
ABSTRACT. When individuals' contributions to team production are costly to-measure, the
incentives for different team members to supply and monitor inputs will depend on the
assignment of residual claims to tearn output. In an optimal employment contract, ...
[CITATION] An Economic Theory of Property Rights
Y Barzel - 1997 - Cambridge University Press, New …
Y Barzel - Econometrica: Journal of the Econometric Society, 1963 - JSTOR
A Laspeyres index of total input in the electric power industry was constructed. The nature of
the bias imbedded in such an index, and its relation to the Paasche index and its bias, are
investigated. Means to evaluate the actual size of the bias and means to reduce it are ...
Y Barzel - The Journal of Political Economy, 1971 - JSTOR
There are many economic activities where the cost function can be approximated by a fixed
initial cost and a constant (sometimes zero) marginal cost as with book publishing, public
utilities, and innovations. In the absence of technical advance, an economy that grows in ...
Y Barzel - 1995 - getcited.org
An academic directory and search engine.
[CITATION] The State and the Diversity of Third Party Enforcers. S. 211 ff
Y Barzel - Institutions, Contracts and Organizations, Cheltenham: …, 2000
[CITATION] An Alternative Approach to the Analysis of Taxation, 84 J
Y Barzel - Pol. Econ, 1976
[CITATION] A Theory ofthe State: Economic Rights, Legal Rights and the Scope ofthe State
Y Barzel - 2002 - New York: Cambridge University …
[CITATION] Economic Analysis of Property Rights, Political Economy of Institutions and Decisions series
Y Barzel - 1997 - Cambridge University Press
Y Barzel… - Discussion Papers in Economics at the …, 1988 - econpapers.repec.org
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. ...
Related works: Working Paper: THE ALLOCATION AND GUARANTEE OF OUTCOME VARIABILITY
(1988) This item may be available elsewhere in EconPapers: Search for items with the ...
Y Barzel… - 1995 - econ.washington.edu
ABSTRACT In order to maximize the value of a transaction, transactors, backed by
guaranteeing-capital, allocate the bulk of the income variability produced by their transaction
to the party that win gain most by affecting the outcome of the transaction. Individuals who ...
Y Barzel - CAFRI: Current Agriculture, Food and Resource Issues, 2000 - ideas.repec.org
In recent years a debate has raged about the accuracy of the cost-of-living index. A major
bone of contention regards capturing the changes in the quality of goods. Were it easy to
measure quality, disputes about the magnitude of the change would have not arisen. The ...
[CITATION] pPrevention is Better than Cure: Precluding Information Acquisition in IPOs, qUniversity of Washing& ton Seattle
Y Barzel, MA Habib… - 2004 - mimeo
[CITATION] Third party enforcement and the state
Y Barzel - 1998 - Mimeo, Department of Economics, …
[CITATION] The Entrepreneur's Reward for Self-Policing, 25 Econ
Y Barzel - Inquiry, 1987
Y Barzel - The American Economic Review, 1968 - JSTOR
* The author is an economist with the United Nations Secretariat. The views expressed in
this paper are those of the author and do not purport to reflect those of the United Nations.
He wishes to thank RR Nelson and the referee for comments on an earlier draft.
[CITATION] The Residual Claim as the Entrepreneur's Reward for Self-Policing
Y Barzel - 1983 - Discussion Paper
Y Barzel - The theory of the firm: critical perspectives on …, 2000 - books.google.com
For many years the theory of economic organization was nearly synonymous with the theory
of the firm. Standard economics textbooks occasionally referred to other forms of
organization, such as the family and government, but the firm was the only organization ...
[CITATION] 1997+ The Development and Decline of Medieval Voting Institutions: A Comparison of England and France+
Y Barzel… - Economic Inquiry
[CITATION] THE STATE: ECONOMIC RIGHTS
Y Barzel… - LEGAL RIGHTS, AND THE SCOPE OF THE STATE, 2002
[CITATION] The property rights model
Y Barzel - Economic Analysis of Property Rights, 1989
[CITATION] Tie-In In Medical Insurance
Y Barzel - Proceedings of the SociaZ Statistics Section, ASA, 1979
[CITATION] On Fallacies in Certain Theories of the Firm
Y Barzel - 2000 - mimeo
[CITATION] Some Fallacies in the Interpretation of Information Costs, 20J
Y Barzel - L. & ECON, 1977
Y Barzel - Working Papers, 2005 - econ.washington.edu
Abstract Agreements for the exchange of commodities typically consist of two major
components. Explicit, objectively measured contractual component enforced by the state,
and implicit, subjective component enforced by sellers' reputation. It is easier to become ...
ABSTRACT Increased standardization of goods was a by-product of the technical
innovations triggering the Industrial Revolution. A side effect of standardization was the new
abilities it allowed for theft and embezzlement. Two significant modern institutions ...
[CITATION] The Economic Effects of Taxes, Price Controls and Regulations: A Reformulation
Y Barzel - 1974
[CITATION] Analysis of Property Rights
Y Barzel - 1989 - Cambridge: Cambridge University …
Y Barzel - Economic Inquiry, 1984 - Wiley Online Library
... DISCUSSION OF INNOVATION PAPERS. YORAM BARZEL †. Article first published online: 28
SEP 2007. DOI: 10.1111/j.1465-7295.1984.tb00716.x. Issue. ... Get PDF (108K). More content like
this. Find more content: like this article. Find more content written by: YORAM BARZEL. ...
DW Allen… - Journal of Law, Economics, and …, 2011 - Oxford Univ Press
Abstract Increased standardization was a by-product of technical innovations during the
Industrial Revolution. An unfortunate side effect of standardization was enhanced
opportunities for theft and embezzlement. Two significant modern institutions radically ...
[CITATION] A Theory of Rationing by Waiting
Y Barzel - 1973 - Institute for Economic Research, …
[CITATION] Measurement Cost and the Organization of Markets
Y Barzel… - 1981 - Hoover Institution, Stanford …
Y Barzel - 2004 - law.buffalo.edu
Abstract Agreements for the exchange of commodities consist of explicit, objectively
measured contractual components enforced by the state, and implicit, subjective
components enforced by sellers' reputation. People are better informed about the former ...
Y Barzel - Privatization: critical perspectives on the world …, 1996 - books.google.com
Now that the causes of allowing properties to be kept in the public domain have been
analyzed, we are prepared to address the issue of the formation of rights. It is tempting to try
to trace the pattern of property rights holding that exists today back to its origins to figure ...
[CITATION] Efficiency and Information in Medical Insurance
Y Barzel - 1977 - … of Health Services, School of Public …
[CITATION] Is the Act of Voting Rational?
Y Barzel… - 1972 - Institute for Economic Research, …
[CITATION] The Costs of Measurement
Y Barzel - Journal of Law and Economics, 1982
Y Barzel - en.scientificcommons.org
Publikationsansicht. 33377185. The firm: Its internal structure and size. Yoram Barzel.
Details der Publikation. Download, http://www.econ.washington.edu/user/yoramb/
Firm,Oct17,06.doc. Archiv, RePEc (Germany). Typ, preprint. ...
Y Barzel - econ.washington.edu
The Cambridge Series on the Political Economy of Institutions and Decisions is built around
attempts to answer two central questions: How do institutions evolve in response to
individual incentives, strategies, and choices? How do institutions affect the performance ...
[CITATION] Voting Behavior, Efficiency
Y BARZEL… - Productivity change, public …, 1995 - Edward Elgar Publishing
R Aganval, S Allgood, N Anthonisen, DR Appleyard… - Taylor & Francis
The editor and associate editors are grateful for the help of the following referees from October
1998 to October 1999. ... Rajshree Aganval University of Central Florida Sam Allgood University
of Nebraska Niels Anthonisen Mount Allison University Dennis R. Appleyard Davidson ...
A Adsera, J Ahlquist, RR Alford, J Allan… - … Politics Second Edition - sentimentaltoday.net
Author Index Aaron, H., 360 Abbott, Andrew, 65 Abdelal, Rawi, 230, 244, 245 Abell, Peter, 47
Acemoglu, Daron, 34, 51, 57, 105, 106, 107, 109, 121, 123, 129, 132, 224n, 343, 344, 355
Achen, Christopher H., 53, 54, 83, 299 Adams, Julia, 62, 110 Adcock, Robert, 22, 35 ...
[CITATION] Efficiency and the Medical Insurance Contract
Y Barzel… - 1978 - University of California
[CITATION] Present Value Investment Criteria and the Average Cost Curve
Y Barzel - 1968 - Washington State University Institute …
Y Barzel - Working Papers, 2007 - econpapers.repec.org
... Please update your bookmarks. The State's Dilemma in Guaranteeing Commodities' and Services'
Quality by Reputation. Yoram Barzel. No UWEC-2007-28, Working Papers from University of
Washington, Department of Economics. Date: 2007-08 Track citations by RSS feed. ...
Y Barzel… - Working Papers, 1997 - econpapers.repec.org
... Please update your bookmarks. Equity as a Guarantee. Yoram Barzel and Wing Suen ().
No UWEC-2005-17, Working Papers from University of Washington, Department of
Economics. Date: 1997-08 Track citations by RSS feed. ...
M Aanesen, B Abrams, N Acocella, J Adams… - Public Choice, 2007 - Springer
Public Choice (2007) 133: 507–513 DOI 10.1007/s11127-007-9249-7 ACKNOWLEDGEMENT
... Published online: 23 October 2007 © Springer Science+Business Media, LLC. 2007 ...
Aanesen, Margrethe Abrams, Burton Acocella, Nicola Adams, James Afonso, Antonio ...
Y Barzel - econ.washington.edu
Abstract Positive information cost invalidates the Law of One Price (LOP). Most commodity
exchange agreements consist of an explicit, objectively measured contractual component
enforced by the state, and an implicit, subjective component enforced by reputations. ...
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