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Mathematical Introduction to the Jurisprudence of Property and Contract

In: Putting Jurisprudence Back Into Economics

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  • David Ellerman

    (University of Ljubljana)

Abstract

This chapter develops the formal mathematical treatment of the theory of property rights and contracts in both the descriptive and normative dimensions. The mathematical framework is in terms of vector flows on graphs, but there are two equivalent alternative treatments depending on whether the vectors are all non-negative or are general real vectors with both positive and negative components. The treatment within the body of the chapter uses non-negative vectors and thus it dovetails with (but does not assume) double-entry bookkeeping using vectors. The treatment using general vectors is given in the Appendix. In both cases, the goal is the mathematical treatment of the Fundamental Theorem of Property Theory.

Suggested Citation

  • David Ellerman, 2021. "Mathematical Introduction to the Jurisprudence of Property and Contract," Springer Books, in: Putting Jurisprudence Back Into Economics, chapter 0, pages 27-61, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-76096-0_2
    DOI: 10.1007/978-3-030-76096-0_2
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