Dharmapala, Anurudha; Pitchford, Rohan
Pierson v. Post, an 1805 New York case, concerns the ownership of a dead fox; Post had organized a fox hunt and was pursuing a fox, when Pierson appeared and killed the animal. The rule established by the court in this case (awarding ownership to Pierson) has proven to be highly influential. This article undertakes an economic analysis of the issues raised by the case. The incentives for the killing of foxes created by the court's rule and the alternative rule, giving property rights to Post,...[Show more]
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.