Entrepreneurial Margins in Law-and-Economics Nexus
Acta Oeconomica Pragensia, Vol. 16, No. 5, 2008
6 Pages Posted: 23 Sep 2008
The paper enunciates the theory of entrepreneurial margins as applicable to studying law-and-economics nexus. After stating the fundamentals of the concept of entrepreneurial margins in all three dimensions: 1) formulating the principles of "social action", 2) enforcing the rules, 3) appropriating things, we discuss the implications of competitive versus monopolistic setting on the overall social efficiency.
Keywords: Law and economics, entrepreneurial margin, property, compettion, monopoly
JEL Classification: D42, D61, K42
Suggested Citation: Suggested Citation