Privatization: Critical Perspectives on the World Economy, Volume 1

actions activities agency problem Alchian allocation analysis assets behavior benefits bundle of rights capital capitalist Coase coercion common property competition concept consequences constraints contract corporation decision Demsetz distribution Econ effects efficiency employees encomienda enforced enterprise evidence example existence external Hayek higher idea implies important incentive income increase individual industries institutions interest investment labour land Law and Economics less managerial managers maximization means of production monopoly nature object organization output owners ownership rights particular percent performance person political firms position possession private firms private ownership private property private sector profit profit maximization property rights property system public ownership reason reform regard regressed regulation regulatory relation relative Reply Obj robbery rules share social justice socialist society SOES spontaneous order state-owned structure Thatcherite theft theory things transaction costs transformation usufruct variables wealth X-Efficiency