Judicial System and Property Rights

Droits de propriété et système judiciaire

Christian Barrère ()
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Christian Barrère: OMI - Organisation Marchandes et Institutions - URCA - Université de Reims Champagne-Ardenne

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Abstract: Property rights (PRs) constitute a system that defines relative rights with respect to the utilisation of scarce resources, that is to say somebody's rights in relation to the rights of anybody else. As law is inefficient without law enforcement it cannot work without a judicial system. The judicial system enforces PRs by monopolising the power of constraint that obliges everyone to accept the PR distribution and its consequences. But the judicial system plays other roles in the application of property rights. In particular, it specifies the conditions of use of property rights when there are different interpretations and when opposite claims are advanced. Hence we study the judicial system as a system of legitimate interpretation and distribution of the concrete effects of PRs in a social context.This applies to the three functions concerning the judicial system: (i) PR enforcement, (ii) PR interpretation and (iii) PR specification.

Keywords: law enforcement; law interpretation; law specification (search for similar items in EconPapers)
Date: 2004-09-28
Note: View the original document on HAL open archive server: https://hal.science/hal-05335597v1
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Published in E. Colombatto. The Elgar Companion to the Economics of Property Rights, Edward Elgar Publishing; Edward Elgar Publishing, 2004, ⟨10.4337/9781845421540.00015⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05335597

DOI: 10.4337/9781845421540.00015

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