A Theory of Property

Abraham Bell · Gideon Parchomovsky

38 citations0/0 files storedScholarship @ Cornell Law (Cornell University)

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Property Rights and Legal Doctrine Legal principles and applications Law, Economics, and Judicial Systems

Abstract

An earlier version of this Article was presented at the 2004 Annual Meeting of the American Law and Economics Association.reform in a number of areas, including nuisance law, where current doctrines protect an owner's right to "use and enjoyment," but fail to protect the owner's right to value.Finally, the theory is extended to the outer boundaries of property by examining situations where the declining value of stable ownership suggests that property law should yield to the needs of other fields like contract law or secured transactions.

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