Economics is a matter of choice and growth, of interaction and exchange among individuals. Because property rights define the rules of these interactions and the objects of exchange, it is vital to fully understand the institutions and implications of the various property-rights regimes. With...

<DIV><I>The Supreme Court Economic Review</I> is a peer-reviewed, interdisciplinary series focusing on economic consequences, precedents, and reasoning based on the work and decisions of the U.S. Supreme Court. Recent topics have included the evolution of patent law at the Federal Circuit and Supreme Court...</i></div>

<DIV><DIV><I>Supreme Court Economic Review</I> is an interdisciplinary journal that seeks to provide a forum for scholarship in law and economics, public choice, and constitutional political economy. Its approach is broad ranging and contributions employ explicit or implicit economic reasoning for the analysis...</i></div></div>

<DIV><DIV><I>Supreme Court Economic Review </I>is an interdisciplinary, peer-reviewed series focusing on the economic consequences, precedents, and reasoning behind  United States Supreme Court decisions. Recent books have covered the evolution of patent law at the Federal Circuit and Supreme Court levels,...</i></div></div>

<DIV><I>The Supreme Court Economic Review </I>is a peer-reviewed, interdisciplinary series focusing on economic consequences, precedents, and reasoning based on the work and decisions of the U.S. Supreme Court. Recent topics have included the evolution of patent law at the Federal Circuit and Supreme Court...</i></div>

Trade opportunities are generally seen as valuable instruments to improve the allocation of resources in society. However, when the traded rights are secured through unproductive rent-seeking contests, the tradeability of the rents may provide stronger incentives to invest in rent-seeking...