Benito Arruñada - Universitat Pompeu Fabra
+ PAGE SUMMARY    |    Eng · Esp · Cat
Hybrid organizations are a superior solution for the provision of public goods
See more

Titling Systems

 
Arruñada, Benito (2014), “Titling Systems,” in Jürgen Backhaus (ed.), Encyclopedia of Law and Economics, Springer.
 
Presentation
 
Download file
 
 
  Titling systems are the institutions used to enforce property rights as rights in rem and reduce the cost of transacting on them. To be effective in non-local markets, they require a registry, which produces information on claims or rights, thus allowing the judge to verify them, establish their relative priority and solve conflicts between claimholders by adjudicating rights in rem and in personam to them. Since the judge relies on register evidence, access to registers also allows contractual parties to reduce their information asymmetry before transacting.   
 
 
@BenitoArrunada