The choice of titling system in land

Benito Arruñada, Nuno Garoupa

Research output: Contribution to journalArticle

33 Citations (Scopus)

Abstract

This paper analyzes the choice of the socially optimal titling system assuming rational individual choices about recording, assurance, and registration decisions. It focuses on the enforcement of property rights to land under private titling and the two existing public titling systems, recording and registration. When the reduction in the expected costs of forfeiture balances the higher cost of initial registration, a registration system is more efficient than a recording system. Implications for title assurance, land improvements, and transactions are also considered.
Original languageEnglish
Pages (from-to)709-727
JournalJournal Of Law & Economics
Volume48
Issue number2
Publication statusPublished - 1 Jan 2005

Keywords

  • PROPERTY-RIGHTS
  • ECONOMICS
  • ANTICOMMONS
  • INSURANCE
  • TENURE
  • VIEW
  • LAW

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