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The right of the order in capital cost of a resource). Redistribution of the rights according to the relative Advantages which each of participants has Economic process in any kind of activity, Raises general efficiency of functioning of economy. Contrary to it unilateral and compulsory Character of restriction of the property rights the state does not give Any guarantees of its conformity to criteria of efficiency. Really, similar restrictions are quite often imposed in Mercenary interests of various lobbist groups. From here The standard diagnosis of theorists of the property rights: if Nothing interferes with any redistribution Competences, but in practice voluntary, mutually advantageous Relations between interested parties it not Meets, means, such redistribution not Corresponds to criterion of efficiency (as possibility The mutually advantageous transaction cannot be missed the rational Economic agents); therefore when the such Redistribution of competences is made by the state, it Reduces a society standard of well-being. (So, for example, Theorists of the property rights regard operating in Germany The legislation on participation of workers in management of the companies (24).) At the same time the western economists recognise that in a realityTo separate processes of splitting from processes of washing out of the rights
Properties it is very difficult: "Any clear boundary, - Writes S.Chen, - does not separate the restrictions of the rights which are Result of private contracts, from the restrictions getting Under jurisdiction of courts or the compulsory power The governments "(17, with. 50). Besides, the economic analysis of a problem of washing out of the rights The property does not mean an appeal to exact definition of all Competences to all resources at any cost (not to mention that, It is what is it impracticable practically). The specification of the rights Properties, from the point of view of the economic theory, should To go to that limit, where the further prize from overcoming Them "it" will not pay back any more connected with it Costs. Therefore existence of a wide class of resources with The dim or unstated rights to them - normal The phenomenon which always is present at all economy, though The structure of this class continuously varies.
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