The Economics of Necessity
Posted: 31 Aug 2010 Last revised: 21 Jun 2012
Date Written: August 31, 2010
The necessity doctrine aligns the private and the social incentive for a property possessor to take a defensive action that prevents an invasion of his property from occurring. The model described here is also applicable to self-help in contracts.
Keywords: necessity doctrine, public necessity doctrine, defense of property, recapture of property, self-help in contracts
JEL Classification: K11, K12, K13
Suggested Citation: Suggested Citation
Hylton, Keith N., The Economics of Necessity (August 31, 2010). Journal of Legal Studies, Vol. 41, 2012, Boston Univ. School of Law Working Paper No. 10-23, Available at SSRN: https://ssrn.com/abstract=1669213 or http://dx.doi.org/10.2139/ssrn.1669213
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