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The discipline of law and economics has earned a reputation for developing plausible and empirically testable theories on the social functions and the impact of legal institutions. Property rights are a field in which this has been very successful. In this book, economic property rights theories are applied to case law in order to examine the practice and solution of real life conflicts. The authors examine the economic problems which are dealt with in these cases and evaluate the courts' decisions from an economic angle.

Cases are examined from across Europe, the UK and the US to...