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http://ssrn.com/abstract=1014161
 
 

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Reconfiguring Property in Three Dimensions


Abraham Bell


Bar Ilan University - Faculty of Law; University of San Diego School of Law

Gideon Parchomovsky


University of Pennsylvania Law School; Bar Ilan University - Faculty of Law


University of Chicago Law Review, Vol. 75, p. 1015, 2008
U of Penn Law School, Public Law Research Paper No. 07-38
Bar Ilan Univ. Pub Law Working Paper No. 07-06

Abstract:     
In this Article, we demonstrate that every property question invariably involves three distinct dimensions: (1) the number of owners, (2) the scope of owner's dominion and (3) asset configuration. Furthermore, we claim that the interplay among the three dimensions shapes the field of property and holds the key to understanding the deep structure of property law. On this view, property law is a balancing act that requires policymakers and private actors to constantly juggle the often-conflicting demands lying along these three dimensions.

The three-dimensional account of property we develop in this Article has important descriptive and normative implications. Descriptively, we show that property law accommodates conflicts by using as many as six different strategies to maximize efficiency over the three dimensions. Furthermore, we demonstrate that all property doctrines fall under one of the six strategies we enumerate. Accordingly, the Article offers a coherent and comprehensive descriptive account of the field.

Normatively, our three-dimensional approach offers a wide array of new policy responses to property challenges. It suggests that every property challenge may be addressed on any one (or more) of the three dimensions. This opens the door to new proposals for resolving such diverse long standing property challenges as managing property rights in tribal land and conservation properties, optimizing access to coastal land, and regulating environmental liability and intellectual property.

Number of Pages in PDF File: 56

Keywords: property rights, property doctrines, maximizing efficiency, strategies, aggregation, disaggregation, reconfiguration, commons

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Date posted: September 17, 2007 ; Last revised: July 30, 2009

Suggested Citation

Bell, Abraham and Parchomovsky, Gideon, Reconfiguring Property in Three Dimensions. University of Chicago Law Review, Vol. 75, p. 1015, 2008; U of Penn Law School, Public Law Research Paper No. 07-38; Bar Ilan Univ. Pub Law Working Paper No. 07-06. Available at SSRN: http://ssrn.com/abstract=1014161 or http://dx.doi.org/10.2139/ssrn.1014161

Contact Information

Abraham Bell (Contact Author)
Bar Ilan University - Faculty of Law ( email )
Faculty of Law
Ramat Gan, 52900
Israel
HOME PAGE: http://law.biu.ac.il/English/segelE.php#
University of San Diego School of Law ( email )
5998 Alcala Park
San Diego, CA 92110-2492
United States
Gideon Parchomovsky
University of Pennsylvania Law School ( email )
3501 Sansom Street
Philadelphia, PA 19104
United States
215-898-1603 (Phone)
Bar Ilan University - Faculty of Law ( email )
Ramat Gan 52900
Israel
972-2-5317078 (Phone)
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