Property in Land

INTRODUCTION ............................................. 1317 I. THE CASE FOR INDIVIDUAL OWNERSHIP OF LAND .................. 1322 A. Three Simple Land Regimes .............................. 1323 B. Small Events: The Relative Ease of Monitoring Boundaries ........ 1327 1. The Genius of Individual Land Ownership ................ 1327 2. Technologies for Marking, Defending, and Proving Boundaries . . 1328 C. Medium Events: A Simple Way to Promote Cooperative Relations ... 1330 II. THE ADVANTAGES OF GROUP OWNERSHIP OF LAND .................. 1332 A. When Returns Increase with Parcel Size ..................... 1332 1. Efficient Boundaries ................................. 1332