Property and Legal Institutions
Intermediate
Exclusion Strategy
A property-law strategy that delegates a broad range of resource-use decisions to an owner and requires outsiders generally to keep off or obtain permission.
Why It Matters
Exclusion economizes on information when lawmakers cannot cheaply specify every permitted and prohibited use, while leaving difficult boundary and spillover problems to more tailored rules.
Selected Literature
A short list of directly relevant archive entries.
1972
Intermediate
Property Rules, Liability Rules, and Inalienability: One View of the Cathedral
Guido Calabresi and A. Douglas Melamed
Harvard Law Review
1991
Advanced
2012
Advanced
Related Cases
1707
Foundations of Law and Economics
Keeble v. Hickeringill
11 East 574, 103 Eng. Rep. 1127 (K.B. 1707)
Property protection, malicious interference, and incentives to make productive use of land.
1805
Foundations of Law and Economics
Pierson v. Post
3 Cai. R. 175 (N.Y. Sup. Ct. 1805)
First possession, capture rules, and the administrability of property rights in wild animals.