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Property in Housing

Lee Anne Fennell

University of Chicago Law School

March 2013

12 Academia Sinica Law Journal 31 (2013)
U of Chicago, Public Law Working Paper No. 426

The question of how to structure and package the residential experience is a deeply interesting and difficult one. How physically large or small should residential holdings be? How densely should they be clustered? Should spaces for working, recreating, cooking, and bathing be contained within the private residential unit, shared with other households, or procured a la carte? How permanent should the connection be between a household and a living space? How much control should households have over the environment surrounding the dwelling unit? Answers to these and many other queries differ both within and between societies. This keynote address, delivered at Academia Sinica’s Fourth Conference on Law and Economic Analysis in June 2012, shows how a law and economics perspective that emphasizes problems of scale can illuminate the task of configuring residential property optimally.

Number of Pages in PDF File: 50

Keywords: housing, boundary setting, complementarities, scale, excess capacity, risk

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Date posted: March 27, 2013 ; Last revised: April 22, 2013

Suggested Citation

Fennell, Lee Anne, Property in Housing (March 2013). 12 Academia Sinica Law Journal 31 (2013); U of Chicago, Public Law Working Paper No. 426. Available at SSRN: http://ssrn.com/abstract=2239754

Contact Information

Lee Anne Fennell (Contact Author)
University of Chicago Law School ( email )
1111 E. 60th St.
Chicago, IL 60637
United States
773-702-0603 (Phone)
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