Studies in Economic Theory

Modeling Foundations of Economic Property Rights Theory

An Axiomatic Analysis of Economic Agreements

Authors: Pasetta, Vesna

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About this book

This is an introduction to the foundations of economic property rights t- ory (EPRT). In this volume, a ?rst step in the EPRT research program, rules concerningeconomicpropertyrights(e. p. r. s),entrepreneurialagreements,and enterprises are discussed. Introduced concept of e. p. r. s is an extension of the traditional concept of pairing of residual rights of control and residual rights of returns in the economic theory. Its importance in economics is generated fromageneralimpossibilityofmakingacompletecontract,concerninge. p. r. s, for any nontrivial economic transaction. The volume o?ers a theoretical - tension of mathematical economics, applying recent results of Hopf algebras, quasi-Hopf algebras, representation theory, theory of categories, and defor- tion theories, in looking for suitable mathematical methodology of economic property rights theories and foundations of general theory of economic agr- ments. The idea is to construct a kind of mathematical application in which any fundamental formal entity and/or operation has an empirical economic interpretation. This approach is seen as a way to cope with an extreme c- plexity of economic phenomena under consideration and requests for precise formulationofmodelswheremeaningfulanswersandsolutionsofproblemsare only those which are obtained rigorously. The proposed extensions in ma- ematical economics and property rights theory are to provide rich enough foundations to follow complexity of economic property rights in the exact way, and to identify where there is an appropriate method providing a- quate solution, and also to ?nd problems where in general there is no such methodology.

Reviews

From the reviews:

"The monograph is an introduction to the foundations of economic property rights theory on a base of axiomatic analysis of economic agreements. The book offers a theoretical extension of mathematical economics, applying recent results of Hopf algebras, representation theory, theory of categories and deformation theories, in looking for suitable methodology of economic property rights theory and foundations of general theory of economic agreements. … The monograph is relevant for academics … ." (Sergei Georgievich Zhuravlev, Zentralblatt MATH, Vol. 1135 (13), 2008)


Buy this book

eBook $149.00
price for USA (gross)
  • ISBN 978-3-540-27784-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $199.00
price for USA
  • ISBN 978-3-540-24552-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $199.00
price for USA
  • ISBN 978-3-642-06390-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Modeling Foundations of Economic Property Rights Theory
Book Subtitle
An Axiomatic Analysis of Economic Agreements
Authors
Series Title
Studies in Economic Theory
Series Volume
23
Copyright
2005
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-540-27784-2
DOI
10.1007/3-540-27784-6
Hardcover ISBN
978-3-540-24552-0
Softcover ISBN
978-3-642-06390-9
Series ISSN
1431-8849
Edition Number
1
Number of Pages
XXIV, 232
Topics