Title of article :
Inefficient ownership and resale opportunities
Author/Authors :
Joshua S. Gans، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2006
Abstract :
In a property rights model where there are opportunities to re-sell assets, ownership may reside with inefficient outsiders and efficient owners will have incentives to relinquish ownership to extract rents from others. Contractual restrictions on re-sale can prevent such inefficiencies.
Keywords :
Contractual restrictions , Outside parties , Incomplete contracts , Resale , Ownership
Journal title :
Economics Letters
Journal title :
Economics Letters
