Exclusion versus Governance: Two Strategies for Delineating Property Rights

The delineation of property rights can follow two strategies that form the poles of a spectrum. In the exclusion strategy, rough proxies for use allow further individuation of use to be delegated to an owner. In the governance strategy, resource use is measured in terms of individual activities. Eac...

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Bibliographische Detailangaben

Veröffentlicht in:	The Journal of legal studies 2002-06, Vol.31 (S2), p.S453-S487
1. Verfasser:	Smith, Henry E.
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic resources Governance Joint ownership Land use Marginal costs Private property Property rights Proxy reporting Proxy statements Resource ownership
Online-Zugang:	Volltext
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