CONTENTS 
2. Possession and the basic conventions of property 69 
3. The generalization of possession 80 
4. The persistence of possession 88 
Conclusion 96 
The economy of concept and possession 
YUN-CHIEN CHANG 
1. Introduction 103 
2. The nature of possessory rights 108 
3. Possession as a basis for acquiring or relinquishing titles 113 
4. Possession as a fact 117 
Conclusion 124 
What behavioral studies can teach jurists about 
possession and vice versa 128 
DAPHNA LEWINSOHN-ZAMIR 
1. Introduction 128 
2. Nonphysical possession 130 
3. Possession versus ownership 136 
Conclusion 142 
The possession heuristic 149 
JAMES KRIER AND CHRISTOPHER SERKIN 
1. Introduction 149 
2. Evolution and the possession heuristic 150 
3. Possession, priority, and ownership 152 
1. Applications, problems, and fixes 154 
5. Possession and property 168 
Dividing possessory rights 173 
DANIEL B. KELLY 
1. Introduction 175 
2. Types of division 179 
3. Private incentive to divide may be suboptimal 182 
4. Private incentive to divide may be excessive 186 
5. Theories justifying restrictions on division 191 
6. Applications 198 
Conclusion 201 
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