Efficient ownership patterns: three examples

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buir.advisorPaşa, Mehmet
dc.contributor.authorSever, Murat
dc.date.accessioned2016-01-08T20:18:51Z
dc.date.available2016-01-08T20:18:51Z
dc.date.issued1994
dc.departmentDepartment of Economicsen_US
dc.descriptionAnkara : Department of Economics and Institute of Economics and Social Sciences, Bilkent Univ., 1994.en_US
dc.descriptionThesis(Master's) -- Bilkent University, 1994.en_US
dc.descriptionIncludes bibliographical references leaves 34.en_US
dc.description.abstractThis stud\^ provides three exanpdes in whicli llie ownership structure of productive assets affects efhciency oF the economic outcome. We show how the incompleteness of contracts and the s])ecificit y of investments cause inefficient l^ehaviours and reductions in the efficient level of relation-specific investment because of the individuals' o])])ortunisti(' behaviour. We show the importance of ownershi]) on l^ehaviours of agents and their investment decisions l)y affecting the distribution of residual rights over assets and so the distribution of tlie sur])lus from investments. VVV' observe the effects of monitoring on the l)ehaviour of individuals in dilfeient types of ownership patterns.en_US
dc.description.degreeM.A.en_US
dc.description.statementofresponsibilitySever, Muraten_US
dc.format.extent36 leavesen_US
dc.identifier.urihttp://hdl.handle.net/11693/18387
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectEfficiencyen_US
dc.subjectincomplete contractsen_US
dc.subjectrelation-specific investmenten_US
dc.subjectintegrationen_US
dc.subjectnon-integrationen_US
dc.subjectindis])ensabilityen_US
dc.subjectprinci])al-agent relatioiislii|)en_US
dc.subjectasymmetric informationen_US
dc.subjectmonitoringen_US
dc.subjectliierarchyen_US
dc.subjectpartnershi])en_US
dc.subject.lccHB701 .S48 1994en_US
dc.subject.lcshProperty.en_US
dc.subject.lcshRight of property--Economic aspects.en_US
dc.subject.lcshRight of ownership.en_US
dc.subject.lcshInvestments.en_US
dc.titleEfficient ownership patterns: three examplesen_US
dc.typeThesisen_US
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