| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062285 | Economics Letters | 2006 | 6 Pages |
Abstract
In a property rights model where there are opportunities to re-sell assets, ownership may reside with inefficient outsiders and efficient owners will have incentives to relinquish ownership to extract rents from others. Contractual restrictions on re-sale can prevent such inefficiencies.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Joshua S. Gans,