Property rights theory has not received substantial theoretical or empirical attention despite its potential to explain various phenomena dealing with business transactions.
This is the same approach that Nobel Prize winner Ronald Coase took when discovering and clarifying the significance of property rights.
[4] Diluted property rights are created when: The theory holds that the event need not be reoccurring to make a lasting impression.
The concern is that the continued weakening of property rights will have long-lasting wide spread effects that may be disadvantageous to the world economy.
[6] Diluted property rights have often been approached as a minor topic in traditional business research.