The Economics of Necessity

Keith N. Hylton

The Journal of Legal Studies, 2012, vol. 41, issue 2, 269 - 289

Abstract: The necessity doctrine aligns the private incentive and the social incentive for a property possessor to take a defensive action that prevents an invasion of his or her property from occurring. The model described here is also applicable to self-help in contracts.

Date: 2012
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