Foundations of Law and Economics
Property Rules, Liability Rules, and Inalienability: One View of the Cathedral
Guido Calabresi and A. Douglas Melamed
- Year
- 1972
- Venue
- Harvard Law Review
- Level
- Intermediate
Summary
Organizes legal protection of entitlements into property rules, liability rules, and inalienability rules. The article gives readers a durable vocabulary for comparing bargaining, damages, injunctions, public valuation, and mandatory limits on transfer across property, tort, contract, and regulatory contexts.
Citation
Guido Calabresi and A. Douglas Melamed. "Property Rules, Liability Rules, and Inalienability: One View of the Cathedral." Harvard Law Review, 1972.
BibTeX
@article{Calabresi1972Property,
title = {Property Rules, Liability Rules, and Inalienability: One View of the Cathedral},
author = {Guido Calabresi and A. Douglas Melamed},
year = {1972},
journal = {Harvard Law Review},
url = {https://www.jstor.org/stable/1340059}
}