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From understanding of the property right as set of admissible economic decisions
Follows that any certificate of an exchange is not that other as an exchange of bunches of competences.
It is base representation for the economic analysis of the rights
Properties. The idea that a market exchange represents an exchange of bunches
Competences, it is not new. In the last century it stated E.Bem-Baverk (10, with. 64), but
Then it has been for a long time betrayed to oblivion.
Hence, any goods are a certain sum not only it
Consumer or industrial characteristics, but also interfaced to it
The rights and restrictions. Its value and a money price depend as on the first, and
From the second: "When in the market the transaction consists, two bunches of the rights exchange
Properties. The bunch of competences is usually attached to the defined
To the physical blessing or service, but value of the rights defines value
The exchanged goods: the questions concerning formation and structure
Components of a bunch of the rights, precede questions, which mostly
Interest economists. They accept usually a bunch of the rights as given and search
Explanation, than the price and quantity of the goods subject to an exchange are defined, to
To which these rights "(19 concern, with. 347).
Than more widely a set of the competences fixed to a resource, than more precisely they are defined
Also are more reliably protected, that above its utility. So, own thing and a thing,
Hired, have different utility for the consumer, even if physically
They are absolutely identical. The house has different value when the house owner has the right
To forbid to build it it a gaz station and when it is deprived such possibility.
The seller is compelled to offer in the exchange certificate it physical quantity of that
The blessing if the competences fixed to it are seriously limited.
The bunches of competences concerning various resources, define consequences,
Which should be born to the proprietor for decisions made by it. Therefore they
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