Is mutually beneficial cooperation in trust games more prevalent with private property or common property? Does the strength of property right entitlement affect the answer? Cox, Ostrom, Walker, et al. report little difference between cooperation in private and common property trust games. We...

Taxation is only sustainable if the general public complies with it. The theoretical public finance literature has interpreted tax constitutions as binding contracts by which the power to tax is irretrievably conferred by individuals to government, which can then levy any tax it chooses....

A central, symbolic image supporting property ownership is the image of stability. This symbol motivates most because it allows for settled expectations, promotes investment, and fulfills a psychological need for predictability. Despite the symbolic image, property is home to principles that...

Traditionally, two distinct markets have existed for the supply of information through books, discs and tapes – the retail market for new copies, and the secondary resale market, which often lives on long after the initial distribution of a new work. Copyright law has facilitated that...

In the almost forty years since <u>Anarchy, State and Utopia</u> has appeared, Nozick's libertarian theory of property rights, laid out in Part II of the book, has been subject to innumerable internalist critiques. In this paper, I argue that the Nozick of Parts I, II and III, read together, holds at...

This chapter assesses the scope, in terms of personal property, of Articles 6 and 105 of the Basic Law of Hong Kong. It examines the meaning of personal property, the extent to which the Hong Kong legislature can lawfully limit such property and the occurrence and scope of deprivation and...

In the development of transaction cost based property right analysis, clear delineation of private exclusive property rights over communal property is believed to be able to restrain rent dissipation, and is therefore conducive to market transactions and the enhancement of efficiency. However,...

This paper shall attempt to reconcile environmentalism and economic freedom.Before making this seemingly quixotic endeavor, we must be sure we are clear on both concepts. Environmentalism may be non controversially defined as a philosophy which sees great benefit in clean air and water, and to a...