Foundations of Law and Economics

1805

Pierson v. Post

3 Cai. R. 175 (N.Y. Sup. Ct. 1805)

Supreme Court of Judicature of New York

Issue

First possession, capture rules, and the administrability of property rights in wild animals.

Facts

Post was hunting and pursuing a fox with hounds on unpossessed land. Pierson, knowing of the pursuit, killed and carried away the fox before Post had captured it.

Holding

The court held that pursuit alone did not create property in the fox; occupancy required capture, mortal wounding, or otherwise depriving the animal of natural liberty.

Reasoning

The majority adopted a bright-line possession rule grounded in capture rather than pursuit. The rule favored administrability and reduced disputes over uncertain degrees of effort, while the dissent would have credited reasonable prospect of capture to encourage fox hunting.

Why It Matters

Pierson is a canonical case for studying how property rules trade off administrability, incentives, and fairness when law defines the moment at which resources become owned.

Research Questions

  1. How does the rule allocate entitlements, precaution, information, or bargaining power?
  2. Would a different remedy change transaction, error, or enforcement costs?

Case Text and Citation

Cite the reported decision as 3 Cai. R. 175 (N.Y. Sup. Ct. 1805). The linked copy is provided for reading access and may be hosted by a court, institutional repository, or secondary case archive.

Open case text: University of Mississippi School of Law