Sudden changes in property rights: the case of Australian native title

Brooks, R, Davidson, S and Faff, R 2003, 'Sudden changes in property rights: the case of Australian native title', Journal of Economic Behaviour and Organization, vol. 52, pp. 427-442.


Document type: Journal Article
Collection: Journal Articles

Title Sudden changes in property rights: the case of Australian native title
Author(s) Brooks, R
Davidson, S
Faff, R
Year 2003
Journal name Journal of Economic Behaviour and Organization
Volume number 52
Start page 427
End page 442
Total pages 15
Publisher Elsevier
Abstract Recent High Court decisions in Australia relating to Aboriginal native title have the potential to provide insights to the origins of property rights and the possible costs of changes to those rights. This paper investigates these issues by analyzing the court judgements and by means of a stock market event study. It seems that neither the naïve view nor the legal centralist view of property rights can adequately explain Australian native title. Further we do not find significant costs resulting from the change in property rights.
Subject Public Economics- Public Choice
DOI - identifier 10.1016/S0167-2681(03)00025-8
Copyright notice Copyright © 2003 Elsevier Science B.V. All rights reserved.
ISSN 0167-2681
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