Modeling Foundations of Economic Property Rights Theory: An Axiomatic Analysis of Economic Agreements [Hardcover]

Vesna Pasetta (Author)

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Product Details

Hardcover: 253 pages
Publisher: Springer; 1 edition (Jun 28 2005)
Language: German
ISBN-10: 3540245529
ISBN-13: 978-3540245520
Product Dimensions: 23.8 x 16 x 2 cm
Shipping Weight: 522 g

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Product Description

Review

From the reviews: "The monograph is an introduction to the foundations of economic property rights theory on a base of axiomatic analysis of economic agreements. The book offers a theoretical extension of mathematical economics, applying recent results of Hopf algebras, representation theory, theory of categories and deformation theories, in looking for suitable methodology of economic property rights theory and foundations of general theory of economic agreements. … The monograph is relevant for academics … ." (Sergei Georgievich Zhuravlev, Zentralblatt MATH, Vol. 1135 (13), 2008)

Product Description

This book offers a unique, comprehensive, technically in-depth, and up-to-date treatment of modeling economic agreements by applying recent results of advanced algebras, representation theory, theory of categories, and transmutation theory. The importance of a new concept of agreements, as introduced here, is derived from a general impossibility of making a complete contract for any nontrivial economic transaction. The proposed extensions provide foundations rich enough to follow the complexity of economic property rights, including entrepreneurial agreements, clubs and transfers through the restructuring processes. The book is relevant for academics with a theoretical interest in economics, applied mathematics, mathematical economics, operational research and advance management of tangible and intangible assets. It provides full details and line-by-line proofs of all basic relations needed for research in modeling issues of economic property rights theory and economic agreements.

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First Sentence
The aim of this Chapter is to offer an intuitive insight into economic property rights phenomena using a simple example. Read the first page

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