ABSTRACT
Property rights are defined as “a bundle of entitlements, privileges, and limitations defining the owner’s rights to use a resource.” 47 The most common form of a property right is the right of ownership. According to Richter, ownership includes some or all of the following four rights:
the right to use a resource (usus),
the right to the returns from the asset (usus fructus),
the right to change the asset’s form and substance (abusus),
the right to transfer a resource. 48
