According to the conclusion to Chapter 4, . . . property rights are part of the law

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According to the conclusion to Chapter 4, “. . . property rights are part of the law that makes owners internalize the social costs and benefits of alternative uses of the goods that they own.” Torts are also an essential part of that law. Explain why.

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Law and economics

ISBN: 978-0132540650

6th Edition

Authors: Robert cooter, Thomas ulen

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