Bundle-of-rights theory

Bundle-of-rights theory,

Definition of Bundle-of-rights theory:

  1. A way of explaining some of the more complicated aspects of private ownership of property, particularly in the case where one property has multiple owners. A bundle of sticks is used as a visual metaphor for the many types of property rights that can be owned, including but not limited to the right to mortgage, sell, give away, enter or use a piece of property.

Meaning of Bundle-of-rights theory & Bundle-of-rights theory Definition