Contents

CHAPTER 1	The Institution of Property
	Exclusion and the Bundle of Rights
	The Thing’s the Thing
	General Justifications, General Concerns
	Further Reading
CHAPTER 2	Original Acquisition and the Scope of Property Claims
	First Possession
	Discovery and Creation
	Accession
	Adverse Possession
	Sequential Possession, Finders, and the Relativity of Title
	The Mosaic of Acquisition Principles
	Further Reading
CHAPTER 3	The Domain of Property
	The Demsetz Theory
	Personhood
	Inherently Public Property
	Hybrid Resources
	Further Reading
CHAPTER 4	Owners as Gatekeepers
	Laws for Owner Protection
	Self-Help
	Exceptions to the Right to Exclude
	Necessity
	Custom
	Public Accommodation Laws
	Antidiscrimination Laws
	Owner Powers
	Licenses
	Bailments
	Abandonment and Destruction
	Transfer by Sale, Gift, and Inheritance
	Further Reading
CHAPTER 5	Dividing Property Rights
	Estates and Future Interests
	How the System Works
	Co-Ownership
	Marital Interests
	Further Reading
CHAPTER 6	Managing Property
	Why Separate Management Authority from Other Incidents of Ownership?
	Leasing
	Property and Contract
	Models of the Lease Contract
	Implied Warranty of Habitability
	Transferring Leasehold Interests
	Common Interest Communities
	Trusts
	Further Reading
CHAPTER 7	Land Transactions and Title Records
	Land Sale Contracts
	Title Records
	Mortgages
	Further Reading
CHAPTER 8	Neighbors and Neighborhood Effects
	The Coase Theorem
	Tort Liability: Nuisance
	Modification of Property Rights: Easements
	Contract: Covenants Running with the Land
	Public Regulation: Zoning
	Further Reading
CHAPTER 9	Government Forbearance
	The General Form of the Problem
	Sources of Forbearance
	The Rule of Law
	Procedural Due Process
	Vested Rights
	Stare Decisis
	Waivers of Sovereign Immunity
	Explicit Takings
	Public Use
	Just Compensation
	Regulatory Takings
	Further Reading
	Index