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The Meaning of property "rights

Cole, Daniel H. and Grossman, Peter Z. (2000) The Meaning of property "rights. Land Economics.

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Official URL: https://www.researchgate.net/profile/Peter-Grossma...

Abstract

In this article, an attempt is made to demonstrate how economists sometimes define property 'rights' in ways that diverge significantly from standard legal conceptions, and how those divergent definitions can bias economic analyses and create the potential for misunderstanding. Given the importance of property 'rights' in economics, it might be expected that there would be some consensus in economic theory about what property 'rights' are. But no such consensus appears to exist. Loose talk about property 'rights' in the economics literature may even contribute to a belief, held by some legal scholars, that economic analysis of the law is irrelevant because it is based on unrealistic premises or, at least, premises very different from those upon which legal analysis is based.

Item Type: Documents
Class Number: 500.MEA012
Keywords: Property Rights, Access Rights, Legal Issues, Legislation, Economy
Subjects: Right to Resources
Depositing User: Varsha V icsf
Date Deposited: 28 Jul 2022 08:52
Last Modified: 28 Jul 2022 08:52
URI: http://icsfarchives.net/id/eprint/14558

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