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Left far beyond the control over monopolies and "outer effects". "The pure" mode of a private property was replaced mixed (16, c. 80-82). 4. A problem of the specification/washing out of the property rights.
The big place in the economic analysis of the property rights is occupied with their problem
The specification and "washing out". According to S.Pejovicha and E.Fjurubotna, it is
Kernel of the modern theory of firm (21, it.47) because through it are opened
Difficult feedback between the property and organisation forms
Exact definition of a set of competences of the proprietor is called as the specification.
It acts as the major condition of effective job of economy. The specification
The rights reduces uncertainty of the economic environment and forms at individuals
Stable expectations concerning that, on what they can count in
Result of own actions and in relations with other economic
Agents. Than are is better specified and the property rights are more reliably protected,
They represent a great value to those.
The perfect mode of a private property means the exhaustive specification and
Absolute protection of all competences. Clearly that the such would be possible only
In the ideal world where any, as much as difficult specification would manage
Free of charge. In the real world where specification costs can be very great,
Not all it is right appear are precisely defined, unequivocally distributed and
Are reliably protected. In "time" between precisely specified sets of the rights
There are zones with high degree of uncertainty.
Accuracy of the specification depends on balance of expected benefits from it and costs on
To establishment and right protection. The more value of a resource, the is more number
Various resources. Size of costs for definition of the maintenance and protection of the rights
Will fluctuate depending on physical characteristics of resources,
First of all the specification assumes investment with the property rights strictly
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