2018
DOI: 10.21202/1993-047x.12.2018.2.334-384
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Property is only another name for monopoly

Abstract: рассмотрение возможности появления налога на собственность, который бы способствовал эффективному перераспределению ресурсов и при этом не устранял стремления собственников к инвестированию. Методы: диалектический подход к познанию социальных явлений, позволяющий проанализировать их в историческом развитии и функционировании в контексте совокупности объективных и субъективных факторов, который определил выбор следующих методов исследования: формально-логический, сравнительно-правовой, социологический. Результа… Show more

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Cited by 5 publications
(5 citation statements)
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“…Consider the example of fishing quota. Instead of auctioning off quota, one could achieve an efficient allocation of fishing rights by issuing 'depreciating licences' (Posner and Weyl, 2017;Weyl and Zhang, 2018). Quota would have an indefinite length, but would 'decay' at a constant monthly rate τ which could be set optimally using quota turnover rates and other observable market characteristics.…”
Section: (Iv) Discussionmentioning
confidence: 99%
See 1 more Smart Citation
“…Consider the example of fishing quota. Instead of auctioning off quota, one could achieve an efficient allocation of fishing rights by issuing 'depreciating licences' (Posner and Weyl, 2017;Weyl and Zhang, 2018). Quota would have an indefinite length, but would 'decay' at a constant monthly rate τ which could be set optimally using quota turnover rates and other observable market characteristics.…”
Section: (Iv) Discussionmentioning
confidence: 99%
“…While strong private property rights provide powerful incentives for investment and improvement, they can result in allocative inefficiency because the owner may 'hold out', i.e. be unwilling to trade even if trading is socially efficient (Jevons, 1871;George, 1879;Vickrey, 1961;Walras, 1896;Posner and Weyl, 2017). As Myerson and Satterthwaite (1983) showed, under asymmetric information and private property rights, guaranteeing efficient trade is impossible even between two parties unless participants are forced into the marketplace.…”
Section: Introductionmentioning
confidence: 99%
“…It is up to the property rights owner to choose if, and when, they develop property by investing in new buildings. This lack of obligation is one of the inherent economic inefficiencies of the property rights systems, and why historical legal debates about the nature of property rights often centred on the principle of "use-it-or-lose-it" provisions (Epstein, 2015;Posner & Weyl, 2017). Buildings that are economical to build today may be delayed for a variety of reasons, including because investment is irreversible in the short-term.…”
Section: The Optional Nature Of Property Rightsmentioning
confidence: 99%
“…War die Theorie in ihren Ursprüngen noch bemüht, auf diesem Wege die absolute Theorie des Eigentums zu rehabilitieren (Coase 1960;Demsetz 1967), so nehmen jüngere Beiträge stärker die marktverzerrenden Wirkungen absoluter Eigentumsrechte in den Blick, was teilweise zu überraschend scharfen Formen von marktradikaler Eigentumskritik geführt hat (vgl. Posner und Weyl 2017). In beiden Fällen aber bleibt der Umfang der Eigentumsrechte zumindest formell durch den behaupteten Zweck der Eigentumsordnung, die Maximierung von Allokationseffizienz, beschränkt.…”
Section: Immanenztheorienunclassified