Sentence examples for allocation of properties from inspiring English sources
In 2005, Buffalo Grove and Lincolnshire reached a boundary agreement with respect to the allocation of properties surrounding and concerning the unincorporated Prairie View area, which lay in between the two Lake County villages.
Allocation of property and allowance of claims.
17 CFR § 190.08 - Allocation of property and allowance of claims.
These mechanisms can also help constrain potential opportunism associated with the ex ante allocation of property or decision-making rights.
In line with theory we show that this effect varies with the market value of knowledge, and the allocation of property rights.
The Coase theorem posits: If property rights are perfect, contracts are enforceable, preferences are common knowledge, and transaction costs are zero, then the initial allocation of property rights only matters for distribution, not for efficiency.
(Arthur Frommer) At least half of eight currently existing cap-and-trade regimes satisfy the independence property—"whereby the initial allocation of property rights does not affect the environmental or social outcome and the scheme is cost-effective".
Ronald Coase is famous for arguing that under certain assumptions including the absence of transaction costs, bargaining can eliminate the problem created by externalities and lead to a Pareto efficient outcome regardless of the initial allocation of property rights.
In this way, these informal mechanisms can reinforce the more formal elements of a derivative contract: creating incentives for the use of detailed state-contingent terms and the allocation of property and decision-making rights in good times by providing a safety valve for modifying or relaxing the strict application of these terms in bad times.
