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Property: A Bundle of Rights? Prologue to the Property Symposium

Author

Listed:
  • Daniel B. Klein
  • John Robinson

Abstract

This piece is the Prologue to an _Econ Journal Watch_ symposium entitled, _Property: A Bundle of Rights?_ This Prologue was written to prompt the invited scholars to expound their own criticisms of the bundle-of-rights view, or, as the case may be, to address criticisms out there. The Prologue is written from a staunch yet pragmatic classical liberal perspective. It frames a number of issues, provides a series of quotations, and asks a number of questions intended to prompt the symposium participants. The symposium participants include leading critics of the bundle formulation James E. Penner, Thomas W. Merrill, and Henry E. Smith; younger critics Larissa Katz, Eric R. Claeys, and Adam Mossoff; eminent defenders of the bundle formulation Stephen R. Munzer and Richard A. Epstein; and the renowned property scholar Robert C. Ellickson, who takes a middle position.

Suggested Citation

  • Daniel B. Klein & John Robinson, 2011. "Property: A Bundle of Rights? Prologue to the Property Symposium," Econ Journal Watch, Econ Journal Watch, vol. 8(3), pages 193-204, September.
    • Handle: RePEc:ejw:journl:v:8:y:2011:i:3:p:193-204
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    References listed on IDEAS

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    1. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    2. Klein, Daniel B., 2014. "Knowledge and Coordination: A Liberal Interpretation," OUP Catalogue, Oxford University Press, number 9780199355327.
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    Cited by:

    1. Liang, Qing & Gan, Christopher & Li, Zhaohua, 2019. "Institutional environment and financing costs: Evidence from venture capital backed transactions," Finance Research Letters, Elsevier, vol. 31(C).
    2. Richard A. Epstein, 2011. "Bundle-of-Rights Theory as a Bulwark Against Statist Conceptions of Private Property," Econ Journal Watch, Econ Journal Watch, vol. 8(3), pages 223-235, September.
    3. Rossi, Enrico, 2020. "Reconsidering the dual nature of property rights: personal property and capital in the law and economics of property rights," LSE Research Online Documents on Economics 105840, London School of Economics and Political Science, LSE Library.
    4. Amiya K. Chakravarty, 2021. "The outsourcing conundrum: Misappropriation of intellectual property in supply chains," Naval Research Logistics (NRL), John Wiley & Sons, vol. 68(2), pages 229-240, March.
    5. Orsi, Fabienne, 2013. "Elinor Ostrom et les faisceaux de droits : l’ouverture d’un nouvel espace pour penser la propriété commune," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 14.
    6. Butzbach Olivier & Rotondo Gennaro & Desiato Talita, 2020. "Can banks be owned?," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 10(1), pages 1-21, March.
    7. Nan Guo & Edwin Hon Wan Chan & Esther Hiu Kwan Yung, 2020. "Alternative Governance Model for Historical Building Conservation in China: From Property Rights Perspective," Sustainability, MDPI, vol. 13(1), pages 1-16, December.
    8. Lingling Hou & Pengfei Liu & Xiaohui Tian, 2023. "Grassland tenure reform and grassland quality in China," American Journal of Agricultural Economics, John Wiley & Sons, vol. 105(5), pages 1388-1404, October.
    9. Raina, Ajay & Palaniswami, M., 2021. "The ownership challenge in the Internet of things world," Technology in Society, Elsevier, vol. 65(C).
    10. Rugadya, Margaret A., 2020. "Land tenure as a cause of tensions and driver of conflict among mining communities in Karamoja, Uganda: Is secure property rights a solution?," Land Use Policy, Elsevier, vol. 94(C).
    11. Eric R. Claeys, 2011. "Bundle-of-Sticks Notions in Legal and Economic Scholarship," Econ Journal Watch, Econ Journal Watch, vol. 8(3), pages 205-214, September.

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    More about this item

    Keywords

    Property; bundle of rights; exclusion; ownership; legal realism; law and economics;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K1 - Law and Economics - - Basic Areas of Law

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