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dc.contributor.authorBrower, Ann L.en
dc.date.accessioned2011-08-31T22:26:10Z
dc.date.created2011-08-18en
dc.identifier.urihttps://hdl.handle.net/10182/3826
dc.description.abstractWhen it comes to property, the law does not always rule.We looked at prices emerging from on-going and hotly contested bilateral exchange of property interests in land in New Zealand high country of the South Island.Does relative value of property rights exchanged drive prices? In other words, does an economic interpretation of the law drive prices?This question has two components: who owns what rights? What is the value of those rights?Empirical economics research is used to impute the value of the property rights, and four competing interpretations of the law are tested concerning ownership of property rights in this exchange.Found that none of the stated arguments about who holds which rights (and how much they’re worth) explains the observed pattern of prices.So we turned to dynamics of the negotiation, and other ideas of political economy to offer explanations of the prices.en
dc.language.isoenen
dc.rightsCopyright © The Author.en
dc.subjectimplied private propertyen
dc.subjectpublic policyen
dc.subjectproperty rightsen
dc.subjectpastoral leasesen
dc.subjectSouth Island high countryen
dc.titleWhen the law is silent, trespassers w... : law and power in implied property rightsen
dc.typeOral Presentation
lu.contributor.unitLincoln Universityen
lu.contributor.unitFaculty of Environment, Society and Designen
lu.contributor.unitDepartment of Environmental Managementen
pubs.notesA public seminar presented 18 August 2011 at The University of Melbourne, titled "When the law is silent, *trespassers w... : law and power in implied property rights" [*trespassers will be prosecuted].en
pubs.organisational-group/LU
pubs.organisational-group/LU/Faculty of Environment, Society and Design
pubs.organisational-group/LU/Faculty of Environment, Society and Design/DEM
pubs.publication-statusPublisheden
dc.publisher.placeUniversity of Melbourne, Melbourneen
dc.audiencePublic Seminaren


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