On the Right of Property on Externalities

In: Voprosy Ekonomiki, Heft 1, S. 141-146

Abstract

The basis of discussion on antitrust policy — the property rights theory — is identified in the article. The author analyses both some aspects of the new institutional theory and value judgments that are used in defining goals of state economic policy. He concludes that the tasks of antitrust policy should be changed and proposes some directions for such correction.