Book contents
- Frontmatter
- Contents
- Figures
- Tables
- Preface to the Third Edition
- Preface to the Second Edition
- Preface to the First Edition
- Part I Conceptualissues
- 1 The Neoclassical Problem
- 2 Economic Property Rights
- 3 Transaction Costs
- 4 Information Costs
- 5 The Theory of Economic Property Rights
- Part II Contracts, Organizations, And Institutions
- 6 Exchange, Contracts, and Contract Choice
- 7 Divided Ownership and Organization
- 8 Institutions
- Part III Establishing Property Rights
- 9 Capture in the Public Domain
- 10 Forming Property Rights
- 11 Benefits of the Public Domain
- Part IV Non-Price Allocation And Other Issues
- 12 Nonwage Labor Markets
- 13 Property Rights in Non-market Allocations
- 14 Additional Property Rights Applications
- 15 The Property Rights Model
- References
- Index
- Political Economy of Institutions And Decisions
12 - Nonwage Labor Markets
Published online by Cambridge University Press: 17 August 2023
- Frontmatter
- Contents
- Figures
- Tables
- Preface to the Third Edition
- Preface to the Second Edition
- Preface to the First Edition
- Part I Conceptualissues
- 1 The Neoclassical Problem
- 2 Economic Property Rights
- 3 Transaction Costs
- 4 Information Costs
- 5 The Theory of Economic Property Rights
- Part II Contracts, Organizations, And Institutions
- 6 Exchange, Contracts, and Contract Choice
- 7 Divided Ownership and Organization
- 8 Institutions
- Part III Establishing Property Rights
- 9 Capture in the Public Domain
- 10 Forming Property Rights
- 11 Benefits of the Public Domain
- Part IV Non-Price Allocation And Other Issues
- 12 Nonwage Labor Markets
- 13 Property Rights in Non-market Allocations
- 14 Additional Property Rights Applications
- 15 The Property Rights Model
- References
- Index
- Political Economy of Institutions And Decisions
Summary
Throughout history, individual laborers have often not had freedoms of movement, effort, or work choice. Workers have worked under master/servant relations, indentured servitude, and even slavery. Within marriage, the doctrine of coverture made wives assume the legal identity of their husband. Such restrictions on individual freedoms affect the choices these indivduals make, and lead to various transaction costs. These costs help explain the organization and institutions surrounding nonfree labor.
- Type
- Chapter
- Information
- Economic Analysis of Property Rights , pp. 219 - 231Publisher: Cambridge University PressPrint publication year: 2023