کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
6548124 | 160098 | 2015 | 9 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
'Unclear' initial delineation of property boundaries and the third Coase Theorem
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کلمات کلیدی
موضوعات مرتبط
علوم زیستی و بیوفناوری
علوم کشاورزی و بیولوژیک
جنگلداری
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: 'Unclear' initial delineation of property boundaries and the third Coase Theorem 'Unclear' initial delineation of property boundaries and the third Coase Theorem](/preview/png/6548124.png)
چکیده انگلیسی
This interdisciplinary study, which references previous research on the evolution of land law and real world examples of land market operating with unclear property boundaries, demonstrates that Ronald Coase's argument that delimitation of property rights is a prelude to market transaction applies to urban development, in which initial property boundaries are unclear. It explains why even a powerful landlord can be unsure of the boundaries of the land of his/her tenants and why this mapping limitation in itself does not inhibit market transactions. When land is treated as an input for a chattel that is no longer fixed to land, area measurement is more important than boundary-fixing. When land becomes valued for its location and fixtures (i.e., as real estate), precise boundary delineations and disputes over the precision of cadastral surveys emerge.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Land Use Policy - Volume 47, September 2015, Pages 273-281
Journal: Land Use Policy - Volume 47, September 2015, Pages 273-281
نویسندگان
Lawrence W.C. Lai, K.W. Chau, Frank T. Lorne,