Accession Number:

AD0609224

Title:

OWNERSHIP AND THE PRODUCTION FUNCTION,

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CALIF

Personal Author(s):

Report Date:

1964-12-01

Pagination or Media Count:

31.0

Abstract:

The thesis is advanced that the phenomenon of ownership, in complex economic situations, is best described in terms of strategic control over goods or processes, and that the simple chattel view of property is inadequate when individuals technological possibilities are interdependent. This idea is developed through a sequence of game-theoretic models based on the same technological facts but incorporating different institutional constraints. Author

Subject Categories:

Distribution Statement:

APPROVED FOR PUBLIC RELEASE