ECONOMIC ANALYSIS
OF PROPERTY RIGHTS

second edition

YORAM BARZEL

published by the press syndicate of the university of cambridge
The Pitt Building, Trumpington Street, Cambridge cb2 1rp, United Kingdom
cambridge university press
The Edinburgh Building, Cambridge cb2 2ru, United Kingdom
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10 Stamford Road, Oakleigh, Melbourne 3166, Australia
© Yoram Barzel 1997
This book is in copyright. Subject to statutory exception
and to the provisions of relevant collective licensing agreements,
no reproduction of any part may take place without
the written permission of Cambridge University Press.
First edition published 1989
Second edition published 1997
Printed in the United States of America