Institutional Foundations of Impersonal Exchange: Theory and Policy of Contractual Registries

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9780226028323: Institutional Foundations of Impersonal Exchange: Theory and Policy of Contractual Registries
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"Benito Arrunada has written an excellent and well-thought-out work that highlights the importance of legal rules - rather than speculative stylized ideas about institutions - in understanding the true value of property rights and the problems impeding real-world reform. The book will find a ready audience among economists, lawyers, political scientists, and the aid community." (Pablo T. Spiller, University of California, Berkeley)"

Reseña del editor:

Governments and development agencies devote considerable resources to building institutions to protect property rights. When the owners of property feel that their claims are protected by law, they have greater incentive to invest in their property or use it as collateral. Similarly, when entrepreneurs are able to easily formalize their activities, they benefit from gaining access to courts and transforming their firms into legal entities. Policies for protecting property rights have thus become an important factor in economic growth. Benito Arrunada broadens this account through an examination of the costs and benefits of strong property rights within the context of impersonal trade. Trading with strangers is a route to growth, but inherent in the process are risks that can be mitigated by land and company registries, which enable both sides to protect their property rights. Tracing the development of registries in developed and developing countries, Arrunada argues that, while no single institutional arrangement is appropriate across the board, there are general principles that may be applied to facilitate the protection of both private property and impersonal trade. With its nuanced presentation of the theoretical and practical implications, this book expands our understanding of how property rights work in today's world.

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Arrunada, Benito.
Editorial: University of Chicago Press, Chicago and London (2012)
ISBN 10: 0226028321 ISBN 13: 9780226028323
Nuevos Tapa dura Primera edición Cantidad: 2
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Descripción University of Chicago Press, Chicago and London, 2012. Hardcover. Estado de conservación: New. First Edition.. 320 pages. Hardcover with dustjacket. New book. ECONOMICS. Governments and development agencies spend considerable resources building property and company registries to protect property rights. When these efforts succeed, owners feel secure enough to invest in their property and banks are able use it as collateral for credit. Similarly, firms prosper when entrepreneurs can transform their firms into legal entities and thus contract more safely. Unfortunately, developing registries is harder than it may seem to observers, especially in developed countries, where registries are often taken for granted. As a result, policies in this area usually disappoint. Benito Arru–ada aims to avoid such failures by deepening our understanding of both the value of registries and the organizational requirements for constructing them. Presenting a theory of how registries strengthen property rights and reduce transaction costs, he analyzes the major trade-offs and proposes principles for successfully building registries in countries at different stages of development. Arru–ada focuses on land and company registries, explaining the difficulties they face, including current challenges like the subprime mortgage crisis in the United States and the dubious efforts made in developing countries toward universal land titling. Broadening the account, he extends his analytical framework to other registries, including intellectual property and organized exchanges of financial derivatives. With its nuanced presentation of the theoretical and practical implications, Institutional Foundations of Impersonal Exchange significantly expands our understanding of how public registries facilitate economic growth. (Key Words: Economics, Latin America, Property, Registries, Law). book. Nº de ref. de la librería 77211X1

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Arrunada
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Descripción Univ of Chicago. Estado de conservación: BRAND NEW. BRAND NEW Hardcover A Brand New Quality Book from a Full-Time Bookshop in business since 1992!. Nº de ref. de la librería 2550452

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Descripción University of Chicago press. Estado de conservación: New. Brand New. Nº de ref. de la librería 0226028321

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Descripción 2012. HRD. Estado de conservación: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Nº de ref. de la librería TX-9780226028323

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Benito Arruñada
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Descripción The University of Chicago Press, United States, 2012. Hardback. Estado de conservación: New. 230 x 156 mm. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. Governments and development agencies devote considerable resources to building institutions to protect property rights. When the owners of property feel that their claims are protected by law, they have greater incentive to invest in their property or use it as collateral. Similarly, when entrepreneurs are able to easily formalize their activities, they benefit from gaining access to courts and transforming their firms into legal entities. Policies for protecting property rights have thus become an important factor in economic growth. Benito Arrunada broadens this account through an examination of the costs and benefits of strong property rights within the context of impersonal trade. Trading with strangers is a route to growth, but inherent in the process are risks that can be mitigated by land and company registries, which enable both sides to protect their property rights. Tracing the development of registries in developed and developing countries, Arrunada argues that, while no single institutional arrangement is appropriate across the board, there are general principles that may be applied to facilitate the protection of both private property and impersonal trade.With its nuanced presentation of the theoretical and practical implications, this book expands our understanding of how property rights work in today s world. Nº de ref. de la librería BTE9780226028323

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Descripción University Of Chicago Press. Hardcover. Estado de conservación: New. 0226028321 New Condition. Nº de ref. de la librería NEW6.0095035

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Descripción University Of Chicago Press, 2012. Hardcover. Estado de conservación: New. book. Nº de ref. de la librería 0226028321

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Descripción 2012. Hardcover. Estado de conservación: New. 152mm x 229mm x 25mm. Hardcover. Governments and development agencies devote considerable resources to building institutions to protect property rights. When the owners of property feel that their claims are .Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. 312 pages. 0.567. Nº de ref. de la librería 9780226028323

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Arrunada, Benito
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Descripción Univ of Chicago Pr, 2012. Hardcover. Estado de conservación: Brand New. first edition edition. 320 pages. 9.06x6.14x1.26 inches. In Stock. Nº de ref. de la librería 0226028321

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Descripción Estado de conservación: Brand New. Book Condition: Brand New. Nº de ref. de la librería 97802260283231.0

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