Rules of golf to update and modernize the Rules, media outlets considered the ruling to be a response to an incident from the 2017 ANA Inspiration tournament, where Lexi Thompson was retroactively penalized four strokes from her third round score for mis-placing a ball, as reported by a television viewer, going as far as nicknaming it the "Lexi Thompson rule". Rules of golf The rules of golf consist of a standard set of regulations and procedures by which the sport of golf should be played and prescribe penalties for rule infractions. They are jointly written and administered by the R&A (spun off from
Property Rules, Liability Rules and Inalienability: One View of the Cathedral protected by property rules, entitlements protected by liability rules, and inalienable entitlements. According to Calabresi and Melamed, an entitlement protected by a property rule is one that must be bought in a voluntary transaction in which the value of the entitlement is agreed upon by the buyer and seller. With an entitlement protected by property rule, a collective decision is made as to who is to be given the initial entitlement, but not as to the value of the entitlement itself. An entitlement protected by a liability rule, however, involves a collective decision as to the value of the entitlement