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Property Law and Real Estate

University of Pennsylvania Carey Law School

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Law and economics

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Articles 1 - 3 of 3

Full-Text Articles in Law

Property Lost In Translation, Abraham Bell, Gideon Parchomovsky Apr 2013

Property Lost In Translation, Abraham Bell, Gideon Parchomovsky

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The world is full of localized, non-standard property regimes that co-exist alongside state property laws. This Article provides the first comprehensive look at the phenomenon of localized property systems, and the difficulties that necessarily attend the translation of localized property rights.

Rather than survey the numerous localized property systems in the world, this Article explores the common features of the interaction between localized and state property systems. All localized property systems entail translation costs with the wider state property systems around them. Translation costs result from incompatibilities, as well as information and enforcement costs. Focusing on translation costs, the Article …


The Inalienable Right Of Publicity, Jennifer E. Rothman Nov 2012

The Inalienable Right Of Publicity, Jennifer E. Rothman

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This article challenges the conventional wisdom that the right of publicity is universally and uncontroversially alienable. Courts and scholars have routinely described the right as a freely transferable property right, akin to patents or copyrights. Despite such broad claims of unfettered alienability, courts have limited the transferability of publicity rights in a variety of instances. No one has developed a robust account of why such limits should exist or what their contours should be. This article remedies this omission and concludes that the right of publicity must have significantly limited alienability to protect the rights of individuals to control the …


Beyond Coase: Emerging Technologies And Property Theory, Christopher S. Yoo Jun 2012

Beyond Coase: Emerging Technologies And Property Theory, Christopher S. Yoo

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In addition to prompting the development of the Coase Theorem, Ronald Coase’s landmark 1959 article on the Federal Communications Commission touched off a revolution in spectrum policy. Although one of Coase’s proposed reforms (that spectrum should be allocated through markets) has now become the conventional wisdom, his other principal recommendation (that governments stop dedicating portions of the spectrum to particular uses) has yet to be fully embraced. Drawing on spectrum as well as Internet traffic and electric power as examples, this Article argues that emerging technologies often reflect qualities that make defining property rights particularly difficult. These include the cumulative …