The Structure of Rights in the Context of Private Property

z Some rights to resources adhere to individuals on the basis of ascribed characteristics-these are rights of person. These rights are not subject to voluntary alienation. And there are rights that adhere to specific characteristics of resources and are subject to alienation. These are rights in property. However, there has been a systematic tendency to promote property rights at the expense of the rights of person and, in so doing, confound the analysis of the commons, of common property, and of private property. Given a delineation of fundamental concepts, this paper examines critically the foundational works of Demsetz and Coase and shows that their theoretical arguments depend on an implicit denial of all rights of person. It is shown, however, that rights of person are not properly analyzable by the standards that apply to rights in property and that the optimal policy to pursue in contemporary society is to determine a desired configuration rights and responsibilities in combination with rights in property.