Colander, David wrote: > it shows how economist's theorizing has been incomplete--they analyze efficiency of taxes and not efficiency of property rights. > Have you neglected Ronald Coase, Harold Demsetz, and Steven Cheung, to name the more prominent members of this school of thought? Or are you defining property rights more narrowly? Demsetz, Harold.(1972) "When Does the Rule of Liability Matter?" Journal of Legal Studies 1 (1): 13-28. Pat Gunning