Foundations of Law and Economics
Introductory
Legal Entitlements
Legally protected interests, claims, powers, or control positions assigned to persons or institutions, with protection supplied through rules such as injunctions, damages, or inalienability.
Why It Matters
Entitlement analysis asks not only who has a right, but also how that right is protected, how it may be transferred, and which institution should value it when bargaining is costly.
Selected Literature
A short list of directly relevant archive entries.
1960
Introductory
1967
Intermediate
1972
Intermediate
Property Rules, Liability Rules, and Inalienability: One View of the Cathedral
Guido Calabresi and A. Douglas Melamed
Harvard Law Review
2016
Advanced
Related Cases
1970
Foundations of Law and Economics
Boomer v. Atlantic Cement Co.
26 N.Y.2d 219, 257 N.E.2d 870 (1970)
Permanent damages, injunctions, and the choice between property-rule and liability-rule protection.
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.
1910
Foundations of Law and Economics
Vincent v. Lake Erie Transportation Co.
109 Minn. 456, 124 N.W. 221 (1910)
Private necessity, compensation, and liability for intentional emergency use of another's property.
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.