Law and Economics

  1. The Economics of Property Law
    1. Economic Rationale for Property Rights
      1. The Tragedy of the Commons
        1. Overuse of Resources
          1. Resource Depletion
            1. Solutions Through Property Rights
            2. Promoting Investment
              1. Promoting Conservation
                1. Incentives for Stewardship
                  1. Facilitating Exchange
                    1. Market Transactions and Resource Allocation
                    2. Defining Property Rights
                      1. Bundle of Rights Concept
                        1. Right to Use
                          1. Right to Exclude
                            1. Right to Transfer
                              1. Right to Enjoyment
                              2. Establishing Ownership
                                1. First Possession
                                  1. Discovery
                                    1. Creation
                                    2. Boundary Maintenance
                                      1. Physical Boundaries
                                        1. Dispute Resolution Mechanisms
                                      2. Enforcing Property Rights
                                        1. Property Rules
                                          1. Injunctive Relief
                                            1. Preventing Unauthorized Use
                                            2. Liability Rules
                                              1. Damages for Infringement
                                                1. Compensation Mechanisms
                                                2. Inalienability Rules
                                                  1. Restrictions on Transfer
                                                    1. Policy Justifications
                                                  2. Acquisition and Transfer of Property
                                                    1. Original Acquisition
                                                      1. First Possession Rule
                                                        1. Labor Theory
                                                        2. Adverse Possession
                                                          1. Requirements
                                                            1. Economic Rationale
                                                            2. Voluntary Transfer
                                                              1. Sales and Gifts
                                                                1. Market Mechanisms
                                                                2. Involuntary Transfer
                                                                  1. Eminent Domain
                                                                    1. Public Use Doctrine
                                                                      1. Just Compensation
                                                                        1. Economic Analysis of Takings
                                                                        2. Inheritance
                                                                          1. Rules of Succession
                                                                            1. Economic Effects of Inheritance Laws
                                                                          2. Intellectual Property
                                                                            1. Patents
                                                                              1. Incentives for Innovation
                                                                                1. Duration and Scope
                                                                                  1. Patent System Economics
                                                                                  2. Copyrights
                                                                                    1. Protection of Creative Works
                                                                                      1. Duration and Scope
                                                                                        1. Fair Use Doctrine
                                                                                        2. Trademarks
                                                                                          1. Brand Protection
                                                                                            1. Consumer Information Function
                                                                                              1. Trademark Economics
                                                                                              2. Trade Secrets
                                                                                                1. Protection of Confidential Information
                                                                                                  1. Economic Rationale
                                                                                                2. Public and Common Property
                                                                                                  1. Public Goods
                                                                                                    1. Non-Rivalry
                                                                                                      1. Non-Excludability
                                                                                                        1. Free Rider Problem
                                                                                                        2. Common Pool Resources
                                                                                                          1. Characteristics
                                                                                                            1. Overuse Problems
                                                                                                              1. Regulatory Solutions

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                                                                                                          3. The Coase Theorem

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                                                                                                          5. The Economics of Contract Law