Abstract

http://ssrn.com/abstract=219408
 
 

References (36)



 
 

Citations (7)



 
 

Footnotes (14)



 


 



The Meaning of Property 'Rights': Law vs. Economics?


Daniel H. Cole


Indiana University Maurer School of Law; Indiana University School of Public and Environmental Affairs; Indiana University Bloomington - Workshop in Political Theory and Policy Analysis

Peter Z. Grossman


Butler University - College of Business Administration

April 19, 2000


Abstract:     
Property rights have become fundamental in economic analysis. Given their importance, it might be expected that there would be some consensus in the economics literature about the meaning of property rights. But no such consensus appears to exist. Economists define property rights in various and inconsistent ways, some of which diverge significantly from the conventional understandings of legal scholars and judges.

This paper explores ways in which definitions of property rights in the economic literture diverge from conventional legal understandings, and how those divergences can create inter-disciplinary confusion and bias economic analyses. Indeed, some economists' idiosyncratic definitions of property rights, if used to guide policy, could lead to suboptimal economic outcomes.

Number of Pages in PDF File: 24

JEL Classification: K11, A12, D23, Q15

working papers series


Download This Paper

Date posted: May 5, 2000  

Suggested Citation

Cole, Daniel H. and Grossman, Peter Z., The Meaning of Property 'Rights': Law vs. Economics? (April 19, 2000). Available at SSRN: http://ssrn.com/abstract=219408 or http://dx.doi.org/10.2139/ssrn.219408

Contact Information

Daniel H. Cole
Indiana University Maurer School of Law ( email )
211 S. Indiana Avenue
Bloomington, IN 47405
United States
Indiana University School of Public and Environmental Affairs ( email )
1315 East Tenth Street
Bloomington, IN 47405
United States

Indiana University Bloomington - Workshop in Political Theory and Policy Analysis ( email )
Indiana University Bloomington
Bloomington, IN
United States
(812) 855-4421 (Phone)
Peter Z. Grossman (Contact Author)
Butler University - College of Business Administration ( email )
Indianapolis, IN 46208
United States
317-940-9727 (Phone)
Feedback to SSRN


Paper statistics
Abstract Views: 4,188
Downloads: 1,052
Download Rank: 10,391
References:  36
Citations:  7
Footnotes:  14

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo6 in 0.250 seconds