Document Type
Article
Publication Date
1-2005
Journal Title
Journal of Law and Economics
ISSN
1537-5285
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.
First Page
709
Volume Number
48
Publisher
University of Chicago Law School
Recommended Citation
Benito Arrunada & Nuno Garoupa,
The Choice of Tilting System in Land,
48
J.L. & Econ.
709
(2005).
Available at:
https://scholarship.law.tamu.edu/facscholar/538