Scarcity and the State

"Whereas economic and political theory has paid much attention to the allocation of scarce goods and rights, until now a consistent and general legal theory of "the allocating government" has been missing. This is striking given the fact that limited rights have to be allocated within many sectors and are often of great social significance and financial importance. Decisions on the allocation often lead to disputes. This book provides a unique exploration of building blocks for a consistent and general legal theory on the allocation of limited rights by administrative authorities. This book is useful to legislators, administrative authorities, applicatns, interested third parties and the courts." --