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Investment with the property rights happens enough, that Outer effects have disappeared by itself. Therefore the exact The specification of the property rights opens a way to overcoming
Distribution of resources.
Thirdly, the theorem of Kouza took away market charge in
Failures. It turned out that if who "fails" in
The new property rights in those areas, where till now they
Have not been established yet. Moreover, frequently the external
Effects are generated by the state when it erects
The barriers interfering the conclusion of voluntary transactions on
From here, however, does not follow that is possible and it is necessary
Overcoming of all cases of washing out of the property rights.
Economically. For all that the western economists underline,
That technical and organizational process constantly results
To occurrence of new ways and means "it" the external
Costs. So, cable television introduction has allowed
To establish and reliably to protect the rights of broadcasting companies on
Programs created by them. Correctly, however, and the return:
Scientific and technical progress continuously generates the new
New product can turn to a source of the external
Fourthly, the theorem of Kouza as though turned inside out
The standard charges which are put forward against the market and private
Properties. Examples of destruction of environment in
The capitalist countries are usually considered as
Private property excesses. The theorem of Kouza puts all with
Feet on a head: "Contrary to some extended
To representations, - write A.Alchjan and G.Demsets, - it is possible
To be convinced that the private rights can be useful to a society
Just because they induce individuals to accept in
Attention social costs "(7, with. 24) 7. Main
The reason of outer effects appears therefore not superfluous,
And insufficient development of a private property: "From a point
Sight of the theory of the property rights, it not that other, as
Not specified and not sold property rights.
To "market failures", demanding the state
Interventions, theorists of the property rights for them
Overcomings offer the return decision, namely:
Expansion of market relations and the further specification of the rights
Properties "(53, with. 186) 8.
However promarket recommendations of theorists of the rights
Properties look not so irreproachably with
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