1 Rules of Capture In class we discussed the case of Pierson v. Post. In this case, there was a dispute over the ownersh
Posted: Wed Jul 06, 2022 6:34 pm
1 Rules of Capture In class we discussed the case of Pierson v. Post. In this case, there was a dispute over the ownership of a fox hunted on the isle of Manhattan in 1805. The court considered two different rules of capture to determine ownership of the fox. What were these two rules? What are the economic differences between these two rules? (15pts) In class we also discussed the case of Haslem v. Lockwood. In this case there was a dispute over the ownership of piles of horse dung. What is the economic rationale behind giving ownership of the piles to Haslem (who made the piles) as opposed to Lockwood who took the piles at night when Haslem was not present to secure them? (15pts)