Complex private-common property rights in institutional and planning theories/ (Record no. 14703)
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| fixed length control field | 02310nab a2200181 4500 |
| 005 - DATE & TIME | |
| control field | 20230914164226.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 230914b |||||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Aleksandar D Slaev |
| 245 ## - TITLE STATEMENT | |
| Title | Complex private-common property rights in institutional and planning theories/ |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Name of publisher, distributor, etc | Sage, |
| Date of publication, distribution, etc | 2020. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Pages | Vol.19, Issue 2, 2020 (193–213 p.). |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This research focuses on a substantial gap between theories of institutions and property rights: institutions are accepted as complex social structures, but property rights are generally considered as simple, that is, either private or public. Although usually unacknowledged, this simplified understanding of property rights is actually based on Samuelson’s theory developed six decades ago. According to Samuelson, the inherent characteristics of goods determine whether they are privately or collectively consumed commodities. Although Samuelson does not propose a mandatory unambiguous link between types of consumption and types of ownership, his theory implies that in principle, private goods are consumed and owned privately and public goods are consumed and owned publicly. Thus, in Samuelson’s theory, institutions are redundant. This article maintains that people need institutions and organisations because resources are scarce, and most resources are too expensive for individual use/consumption. To access such resources, people form groups and create organisations and institutions, thereby reducing the individual costs of use and consumption. As complex systems, institutions generate complex property rights – common/collective to the members of an organisation, but private to that organisation (the union of members). Furthermore, institutions determine the patterns of interaction between planning and the market (as the two main mechanisms of exercising property rights) at all levels of the multilevel structure of organisations and society. The article argues that Buchanan’s theory of clubs offers a more accurate explanation of the nature of property rights as relevant to institutions.<br/> |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 8831 |
| Host Itemnumber | 17116 |
| Place, publisher, and date of publication | London Sage Publications Ltd. 2002 |
| Title | Planning theory |
| International Standard Serial Number | 1473-0952 |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | https://doi.org/10.1177/1473095219874832 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | E-Journal |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| -- | 57995 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| -- | ddc |
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