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Institutional Foundations of Impersonal Exchange
Benito Arrunada
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Description for Institutional Foundations of Impersonal Exchange
Hardcover. Tracing the development of registries in developed and developing countries, the author 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. Num Pages: 312 pages, 10 line drawings, 2 tables. BIC Classification: KCA; KCC; LNS. Category: (G) General (US: Trade). Dimension: 229 x 152 x 25. Weight in Grams: 567.
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 ... Read more
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 ... Read more
Product Details
Format
Hardback
Publication date
2012
Publisher
The University of Chicago Press United States
Number of pages
312
Condition
New
Number of Pages
320
Place of Publication
, United States
ISBN
9780226028323
SKU
V9780226028323
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Benito Arrunada
Benito Arrunada is professor of business organization at Pompeu Fabra University in Barcelona.
Reviews for Institutional Foundations of Impersonal Exchange
"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 ... Read more