Legal theorists and other commentators have long established a distinction between
property and possession. According to this usage adopted here, possession refers to control …

This comment divides 'property rights' into 'legal rights' and 'economic rights' in order to
distinguish between two very different concepts that are often confounded in the literature …

Property rights are fundamental to economic analysis. There is, however, no consensus in
the economic literature about what property rights are. Economists define them variously …

Choices about the meaning and allocation of property rights pose the sorts of policy
questions familiar to economists thinking about development policy. If we are seeking …

The claim I wish to make here is that this “dominant paradigm” is really no explanatory
model at all, but represents the absence of one.“Property is a bundle of rights” is little more …

Court decisions and legislation have a profound impact on the econ-omy because they
define and modify property rights. Economists have therefore always been interested in …

Drawing on the thoughts of various philosophers, political thinkers, economists, and lawyers,
Terry Anderson and Laura Huggins present a blueprint for the nonexpert-expert on how …

Property rights institutions critically affect incentives for decision-making re-garding resource
use and hence, economic behavior and performance. 1 By allocating decision-making …

This chapter develops a unified analytical framework, drawing on and extending the existing
literature on the subject, for studying the role of property rights in economic development. It …

Using the experiences of Eastern Europe as an example, this article argues that, contrary to
the economists' assumption that property rights are a precondition of a market economy …