Mossoff, Adam - In: Econ Journal Watch 8 (2011) 3, pp. 255-264
right to exclude as the core of property is sufficiently determinate to avoid the same disintegrating effects as the bundle … false promise. Merrill and Smith are correct that the bundle conception is wrong, but their model of how the right to … exclude functions in practice--what they call an "exclusion strategy"--cannot account for the substantial majority of property …