Repositorio
Property is only another name for decentralized creation of knowledge
Título
Property is only another name for decentralized creation of knowledge
Código de publicación
- AD-00043
Autores/as
- Juan Ramón Rallo
Clave
- Artículo de investigación
Colaboradores/as
Claves o descriptores
Descripción
- Eric A. Posner and E. Glen Weyl argue in a recent paper that a private property regime is incompatible with allocative efficiency insofar as it allows owners to ask for monopoly prices to potential buyers. In order to remedy this defect without penalizing investment efficiency, they propose to implement a Harberger tax. In this paper we show that the Harberger tax is a mechanism that penalizes the informational investment necessary to reach efficient estimates of the fundamental value of assets and, therefore, a mechanism that move us away from both investment efficiency and allocative efficiency.
Localización
Revista | libro
- European Journal of Law and Economics, Springer, vol. 47(1), pages 43-55, February.
Idioma
Editor
- Springer
Año de publicación
- 2018
Formato
Identificador (ISBN/ISSN)
DOI o URI/URL
- DOI: 10.1007/s10657-018-9607-6
Derechos
- Restringidos
Fichero
- No disponible