Economics Dictionary of ArgumentsHome
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| Behavior: Observable changes in the describable state of living organisms that are initiated by these organisms themselves or that represent a reaction to external stimuli where there is a certain choice of reaction. Accompanying thoughts are not part of behavior, as otherwise an arbitrary extension of the frame of reference would make it impossible to determine behavior. See also Actions, Behaviorism, Mentalism, Naturalism, Observation, Method, Frame theories._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Armen A. Alchian on Behavior - Dictionary of Arguments
Henderson I 22 Behavior/Alchian/Henderson/Globerman: (…) if your use of your personal property does not physically interfere With the use or sale of our private property, a socially effcient system of private property rights would not allow us to constrain your use of personal property simply because we find your use objectionable on moral or emotional grounds. >Property rights/Alchian. Example: Imagine that your neighbour strongly objects on aesthetic grounds to a lawn ornament that you placed outside your house. Should your neighbour enjoy a legal right to have your lawn ornament removed, by force if necessary? What if other neighbours actually enjoy viewing the lawn ornament on their walks past your house? Regulation: It is easy to see how objections to other peoples' behaviour based on emotional or aesthetic grounds would lead to the exhaustion of the capacity of regulators and courts to determine legal property rights. Regulation costs: The costs to society associated with resolving disputes about property rights based on emotional or aesthetic grounds are likely to far outweigh any benefits to people who feel better off because specific uses of property, such as displaying specific types of lawn ornaments, are banned.* * For the seminal article on how private transactions can resolve disputes about property rights in an effcient manner, see Coase (1960)(1). 1. Coase, Ronald (1960). The Problem of Social Cost. Journal of Law & Economics III: 1-44._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Alchian I Armen A. Alchian William R. Allen Exchange and Production: Competition, Coordination and Control Belmont, CA: Wadsworth 1977 Henderson I David R. Henderson Steven Globerman The Essential UCLA School of Economics Vancouver: Fraser Institute. 2019 |
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