Monday, February 20, 2012

Economics In One Lesson

Not very nice. But bidding wars are likely when property rights are poorly specified. And that's why property rights need to be clearly specified. In countries without property rights, EVERYTHING gets exchanged this way.

With a nod to Raoul

1 comment:

UII OFFICIAL said...

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nice post, that's very interesting information thanks for sharing :)
I introduce a Economics student in Islamic University of Indonesia Yogyakarta

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