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Liability Versus Property Rule Protection for Surface Entitlements
Author(s) -
Wilman Elizabeth A.
Publication year - 1994
Publication title -
canadian journal of agricultural economics/revue canadienne d'agroeconomie
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 37
eISSN - 1744-7976
pISSN - 0008-3976
DOI - 10.1111/j.1744-7976.1994.tb00016.x
Subject(s) - entitlement (fair division) , liability , business , property (philosophy) , law and economics , economics , finance , microeconomics , philosophy , epistemology
The relative legal protection for the surface entitlement versus the mineral entitlement has traditionally favored the mineral owner or lessee with property rule protection, while allowing the agricultural surface owner only liability rule protection. A case is made for changing the system to allow property rule protection for the surface owner.