Law and Economics of Possession


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    Abstract Although first possession is generally assumed to be the dominant means of establishing original ownership of property, there is a second but less studied principle for initiating ownership, called accession, which awards new resources to the owner of existing property most prominently connected to the new resource. For commercial re-use, please contact journals. Issue Section:.

    Law and Economics 6th Edition Pearson Series in Economics

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    An economic theory of adverse possession

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