ISSN1045-6333 HARVARD JOHN M. OLIN CENTER FOR LAW. ECONOMICS AND BUSINESS ECONOMIC ANALYSIS OF PROPERTY LAW Steven shavell Discussion Paper No 399 12/2002 Harvard Law school Cambria ge,MA02138 This paper can be downloaded without charge from The Harvard John M. Olin Discussion Paper Series http://www.lawharvard.edu/programs/olincenter he Social Science research Network Electronic Paper Collection http://papers.ssrn.com/abstractid=370029ISSN 1045-6333 HARVARD JOHN M. OLIN CENTER FOR LAW, ECONOMICS, AND BUSINESS ECONOMIC ANALYSIS OF PROPERTY LAW Steven Shavell Discussion Paper No. 399 12/2002 Harvard Law School Cambridge, MA 02138 This paper can be downloaded without charge from: The Harvard John M. Olin Discussion Paper Series: http://www.law.harvard.edu/programs/olin_center/ The Social Science Research Network Electronic Paper Collection: http://papers.ssrn.com/abstract_id=370029