Creating Property Rights

Arguing that many economic rights granted by the modern regulatory state--e.g., the awarding of government contracts, occupational licenses and franchises, the use of publicly-owned resources--constitute a new form of property rights and thus a new system of law (regulatory property) this study investigates whether these state-created entitlements can be handled like other goods in a market framework through secondary trading. Focusing on a European context, the study looks at airport slots, broadcast spectrum rights, milk quotas, and carbon emission allowances and explores legislation and issues of allocation and management of these entitlements through a comparative methodological lens that incorporates private law, public law, and law and economics approaches. Martinus Nijhoff is an imprint of Brill. Annotation c2012 Book News, Inc., Portland, OR (booknews.com)

Margherita Colangelo; Ph.D. (2007), University of Macerata; LL.M. (2006), European University Institute (EUI), Florence; is Assistant Professor of Comparative Law at the University of Roma Tre, Faculty of Law. Her main fields of research and topics of publications are in Comparative Law, European Union Law, European Company Law, Competition Law and Regulation.