Property Titling and Conveyancing

Arruñada, Benito

doi:10.2139/ssrn.1154063

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Property Titling and Conveyancing

Research Handbook on the Economics of Property Law, Research Handbooks in Law and Economics Series (Series editors: R. Posner and F. Parisi), Edward Elgar, Cheltenham UK, K. Ayotte and H. E. Smith, eds., Ch. 12, pp. 237-56, 2011

39 Pages Posted: 28 Mar 2010 Last revised: 22 Jul 2018

See all articles by Benito Arruñada

Benito Arruñada

Pompeu Fabra University - Department of Economics and Business; Barcelona GSE

Abstract

This chapter analyzes titling institutions and the regulation of supporting conveyancing services. After examining the tradeoff of enforcement benefits and consent costs posed by property rights, it explains how different public titling systems (privacy, recording and registration) try to solve this tradeoff, and what the consequences are for the nature and regulation of private conveyancing services. The chapter ends with a discussion of some empirical issues and data which are useful for comparing, designing and managing titling and conveyancing systems.

Keywords: Property Rights, Enforcement, Transaction Costs, Registries, Lawyers, Notaries

JEL Classification: D23, K11, K12, L85, Q15

Suggested Citation: Suggested Citation

Arruñada, Benito, Property Titling and Conveyancing. Research Handbook on the Economics of Property Law, Research Handbooks in Law and Economics Series (Series editors: R. Posner and F. Parisi), Edward Elgar, Cheltenham UK, K. Ayotte and H. E. Smith, eds., Ch. 12, pp. 237-56, 2011, Available at SSRN: https://ssrn.com/abstract=1154063 or http://dx.doi.org/10.2139/ssrn.1154063