Encyclopedia of Early Modern History Online

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Property rights
(1,550 words)

1. Economics

1.1. Concept

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…

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Gorißen, Stefan and Zwanzger, Michael, “Property rights”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 23 July 2024 <http://dx.doi.org/10.1163/2352-0272_emho_COM_029565>
First published online: 2015
First print edition: 20210107

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