Property rights as understood in the ‘New Institutional Economics’ (Neue Institutionenökonomik) are rights that determine economic actors’ scope of action in regard to scarce resources. They specify and concretize rights related to property and assets, and address entitlements (1) to access certain resources and forms of usage to the exclusion of other economic actors, (2) to alter goods substantially (in terms of material and/or form), (3) to receive earnings from the use…