This part deals with the basic elements of property law. I begin in chapter by examining the fundamental question of what justifies the social institution of property, that is, the rationale for the rights that constitute what we commonly call ownership. I also discuss examples of the emergence of property rights Then I consider a number of important issues about property rights. In chapter 8, I inquire about the division of property rights(property rights may be divided contemporaneously, over time, and according to contingency). In chapter
iuseppe Dari Mattiacci-Francesco Parisi The Economics of Tort Law: A Precis ABSTRACT: Economic analysis has long been employed for the study of tort liability. This paper revisits the main contributions to the subject emphasizing the inherent impossibility for tort liability to set perfectly efficient first-best incentives to take precaution for all parties to an accident and the need to choose among second best