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INSTITUTIONAL THEORY OF PROPERTY RIGHTS - BASICS AND NATIONAL PRIORITIES

STANKA RINKOVA

 

Abstract

The transformation processes in the transition economies intensified the scientific and practical interest in the problems of ownership, its legal and economic dimensions . The transition to a new type of economic system requires institutional and economic change including the economic foundations of society –the ownership. The paper states the idea that in order to function effectively the market needs a precise specification of the property rights. Property management requires determining the objects and the subjects of ownership. The state and the problems of property rights are analyzed in the article. The data analysis of the international index "Ownership - 2013" is applied through the indicators - legal and political environment, the right to physical ownership and intellectual property.

 

Key words

Property, Realization of the Property Rights, Theorem of Kouoz, Deals /Contracts/, Index of Ownership

 

References

Норт, Д., 2000, Институции,институционална промяна и икономически резултати, С., изд. ЛИК

Попов, Т., Т. Седларски, 2012, Институционална икономика, С., Университетско издателство „Св.Климент Охридски”

Coase, R. H. 1988, The Firm,the Market, and the Law. Chicago and London: University of Chicago Press

Stigler,J.,1966,The Theory of Price. N.Y.Macmillian Co

www.ime.bg/към 10.10.2013г.

 

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