http://www.concurringopinions.com/archives/2009/12/do-initial-allocations-of-property-rights-matter.html The Law, the Universe, and Everything Tue, 14 Feb 2012 14:44:18 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.concurringopinions.com/archives/2009/12/do-initial-allocations-of-property-rights-matter.html/comment-page-1#comment-66533 James Grimmelmann Sat, 05 Dec 2009 20:46:43 +0000 http://www.concurringopinions.com/?p=22811#comment-66533 So if we give the new property rights to the incumbents, others will perceive it as unfair and the new system won't work. But if we don't give the incumbents (many of whom have invested in the old system) the property rights, they'll perceive it as unfair and the new system won't work. Great. Is there any allocation of property rights that people would perceive as fair? So if we give the new property rights to the incumbents, others will perceive it as unfair and the new system won’t work. But if we don’t give the incumbents (many of whom have invested in the old system) the property rights, they’ll perceive it as unfair and the new system won’t work. Great. Is there any allocation of property rights that people would perceive as fair?

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