Assessing the property rights and transaction-cost theories of firm scope

Article Abstract:

How the property rights and transactional-cost theories relate to the economics of a business firm is discussed and modeled.

Models

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Empirical strategies in contract economics: information and the boundary of the firm

Article Abstract:

Firms use various empirical strategies to determine the economic viability of contractual situations. The research is applied to the trucking industry, which consists of company-owned trucks and contracted driver-operators. Evidence shows that contracts with driver operators are less cost-effective than operating a fleet of company-owned trucks.

Trucking

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The creation of effective property rights

Article Abstract:

This model shows that individuals, countries, tribes or some other unit will put effort and investment into protecting their rights to property but few invest in taking other's property. The model follows the process from an initial claim of property through putting systems in place to protect the property.

Management, Personal property, Equilibrium (Economics)

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