Property in Housing
12 Academia Sinica Law Journal 31 (2013)
50 Pages Posted: 27 Mar 2013 Last revised: 8 Jan 2015
Date Written: March 1, 2013
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.
Keywords: housing, boundary setting, complementarities, scale, excess capacity, risk
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