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Contract theory

contract designcontract theoriescontract theorist
Neoclassical economic theory analyzes common ownership using contract theory.

Incomplete contracts

incomplete contractingownership structure and contractual arrangements
According to the incomplete contracting approach pioneered by Oliver Hart and his co-authors, ownership matters because the owner of an asset has residual control rights.

Oliver Hart (economist)

Oliver HartHartOliver D. Hart
According to the incomplete contracting approach pioneered by Oliver Hart and his co-authors, ownership matters because the owner of an asset has residual control rights.

Hold-up problem

holdup
In particular, an owner has stronger incentives to make relationship-specific investments than a non-owner, so ownership can ameliorate the so-called hold-up problem.

Co-operative Commission

Independent Co-operative Commission
The Co-operative Advantage - Creating a successful family of Co-operative businesses. The Report of the Co-operative Commission January 2001. The Co-operative Commission was established by British prime minister Tony Blair in 2000 and recommended that A modernising bill should be put before Parliament to recognise in law the Co-operative form of common ownership. (recommendation 51).

Tony Blair

BlairTonyPrime Minister Tony Blair
The Co-operative Advantage - Creating a successful family of Co-operative businesses. The Report of the Co-operative Commission January 2001. The Co-operative Commission was established by British prime minister Tony Blair in 2000 and recommended that A modernising bill should be put before Parliament to recognise in law the Co-operative form of common ownership. (recommendation 51).

History of communism

communist movementworld communist movementInternational Communist Movement
The history of communism encompasses a wide variety of ideologies and political movements sharing the core theoretical values of common ownership of wealth, economic enterprise and property.

Duopoly (broadcasting)

duopolytwinstickduopolies
A duopoly (or twinstick, referring to "stick" as jargon for a radio tower) is a situation in television and radio broadcasting in which two or more stations in the same city or community share common ownership.

Anarcho-communism

anarcho-communistanarchist communismanarchist communist
Anarcho-communism (also known as anarchist communism, free communism, stateless communism, libertarian communism and communist anarchism) is a political philosophy and theory of anarchism which advocates the abolition of the state, capitalism, wage labour and private property (while retaining respect for personal property, along with collectively-owned items, goods and services) in favor of common ownership of the means of production, direct democracy (among communes, participatory democracy), cooperativism, equal distribution of valuables, and a horizontal network of workers' councils with production and consumption based on the guiding principle: "From each according to his ability, to each according to his needs".

The Sunday Times

Sunday TimesLondon Sunday TimesSunday Times Style
The two papers were founded independently and have been under common ownership only since 1966.

Eco-socialism

eco-socialistecosocialistecosocialism
Eco-socialists advocate dismantling capitalism, focusing on common ownership of the means of production by freely associated producers, and restoring the commons.

Libertarianism

libertarianlibertarianslibertarian state
Left-libertarian ideologies seek to abolish capitalism and private ownership of the means of production, or else to restrict their purview or effects, in favor of common or cooperative ownership and management, viewing private property as a barrier to freedom and liberty.

Thomas Spence

Spencean PhilanthropistsSociety of Spencean PhilanthropistsSpencean radicalism
Thomas Spence (21 June Old Style/ 2 July New Style, 1750 – 8 September 1814) was an English Radical and advocate of the common ownership of land.

Ernest Bader

Scott Bader Commonwealth
Ernest Bader (24 November 1890 – 5 February 1982) and his wife, Dora Scott, founded a chemical company, Scott Bader, and gave it to the employees, under terms of Common ownership, forming the Scott Bader Commonwealth, in 1951.

Usufruct

usufructususufructsdesignated use
A usufruct is either granted in severalty or held in common ownership, as long as the property is not damaged or destroyed.

Television system

systemregional systemsub-system
In Canada, a television system is a group of television stations which share common ownership, branding and programming, but which for some reason does not satisfy the criteria necessary for it to be classified as a television network under Canadian law.

Libertarian socialism

libertarian socialistlibertarianlibertarian socialists
It advocates a worker-oriented system of production and organization in the workplace that in some aspects radically departs from neoclassical economics in favor of democratic cooperatives or common ownership of the means of production (socialism).

Participatory economics

participatory economypareconparticipatory
Participatory economics is a form of socialist decentralized planned economy involving the common ownership of the means of production.

Social enterprise

social enterprisesCommunity Enterprise Centremarket solutions to social problems
a common ownership legal structure where members/owners have one voting share and different forms of investment

Anti-capitalism

anti-capitalistanticapitalistanti-capitalists
With no need for capital accumulation and a class of owners, private property in the means of production is perceived as being an outdated form of economic organization that should be replaced by a free association of individuals based on public or common ownership of these socialized assets.

Mendicant orders

mendicant ordermendicantmendicant friars
This foresaw living in one stable, isolated community where members worked at a trade and owned property in common, including land, buildings and other wealth.

Property

propertiespatrimonyproprietary
In economics and political economy, there are three broad forms of property: private property, public property, and collective property (also called cooperative property).

English land law

land lawlandabsolute enjoyment
Over the centuries, the law expanded on the extent of common ownership.

Left-libertarianism

left-libertarianleft libertarianleft-libertarians
While maintaining full respect for personal property, left-libertarians are skeptical of or fully against private ownership of natural resources, arguing that neither claiming nor mixing one's labor with natural resources is enough to generate full private property rights and maintain that natural resources (raw land, oil, gold, the electromagnetic spectrum, air-space and so on) should be held in an egalitarian manner, either unowned or owned collectively.

Social ownership

socializationsocializesocially-owned
Social ownership is any of various forms of ownership for the means of production in socialist economic systems, encompassing public ownership, employee ownership, cooperative ownership, citizen ownership of equity, common ownership and collective ownership.