Property

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Property

Modern property theory focuses not on the things themselves but on the kind of rights required to the use of things. It defines property as a bundle of rights pretaining to the use of things. Thre basic rights include:

User rights - the right to detrmine how a thing will be used.

Income rights - the right to determine and appropriate the income arising from the use of the thing.

Disposal rights - the right to dispose of the thing or to tranfer ownership to another.

References

Vogt, Roy (1999) Whose Property, The Deepening Conflict between Private Property and Democracy in Canada, Toronto University of Toronto Press