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1 results

  • 11 - Finders, Keepers

  • from Part III - Movable Property
  • Yun-chien Chang, Cornell Law School, New York
  • Book:
    Property Law
    Published online:
    18 May 2023
    Print publication:
    01 June 2023, pp 289-308

  • Summary

    Chapter 11 observes that “finders, keepers” is in fact a minority rule globally. Finders often have to wait for several months to receive any benefit, and often cannot acquire ownership of the found items. Instead, they may receive rewards from the losers or from the state. The current economic analysis of this issue does not map exactly onto the doctrine itself. The better economic justification for the finder doctrine is that providing rewards induces finders not to misappropriate found items or leave them alone.