Construct · 1 fields · 1 citations

information-cost theory of property: a standalone construct

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Property law

the theory that property rights bind everyone, so their form is shaped by the cost of communicating them to many strangers.

In property law, information-cost theory of property refers to the theory that property rights bind everyone, so their form is shaped by the cost of communicating them to many strangers. This meaning comes from Merrill (2001) in The Yale Law Journal.[1]

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Nearby constructs

cost4 fields · 4 citationsjingle · one word, four constructs form4 fields · 7 citationsjingle · one word, four constructs property4 fields · 4 citationsjingle · one word, four constructs

References

Merrill, T. W., & Smith, H. E. (2001). What Happened to Property in Law and Economics? The Yale Law Journal, 111(2), 357. https://doi.org/10.2307/797592

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