The Economics of Property Rights

Alex Robson ()

Chapter 7 in Law and Markets, 2012, pp 190-223 from Palgrave Macmillan

Abstract: Abstract This chapter examines one of the most important institutions in market economies: private property rights. Private ownership of property rights over an asset typically consists of a ‘bundle’ of rights, which usually include: 1. The right to use the asset; 2. The right to exclude others from using the asset; and 3. The right to dispose of the asset.

Keywords: Legal Rule; Welfare Loss; Welfare Gain; Liability Rule; Downstream Firm (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-35494-4_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230354944

DOI: 10.1057/9780230354944_7

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().