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Full-Text Articles in Law
Simultaneous And Sequential Anticommons, Francesco Parisi, Norbert Schulz, Ben Depoorter
Simultaneous And Sequential Anticommons, Francesco Parisi, Norbert Schulz, Ben Depoorter
Ben Depoorter
This paper defines a framework for anticommons analysis based on the fragmentation of property rights. In differentiating between sequential and simultaneous cases of property fragmentation, we describe and assess the equilibria obtained under each scenario. Our model reveals how the private incentives of excluders do not capture the external effects of their decisions. Moreover, our model suggests that the result of underutilization of joint property increases monotonically in both (a) the extent of fragmentation; and (b) the foregone synergies and complementarities between the property fragments. Within this context, we can therefore explore important implications for possible institutional responses to a …
Contributions Legal Scholars Can Make To Development Economics: Examples From China, Joyce Palomar
Contributions Legal Scholars Can Make To Development Economics: Examples From China, Joyce Palomar
Joyce Palomar
No abstract provided.
Refreshing The Heart Of The City: Vacant Building Receivership As A Tool For Neighborhood Revitalization And Community Empowerment, James Kelly
James J. Kelly Jr.
Vacant Building Receivership is a building code enforcement tool that dispossesses and forecloses on owners of vacant buildings who are unwilling or unable to bring their derelict properties into basic conformity with basic building codes. This article examines vacant building receivership as a tool for ensuring the renovation of vacant buildings and as a means by which communities can develop increased confidence in and control of residential development in their neighborhoods. After discussing the need for a vacant house strategy tailored to support mid-level urban neighborhoods, the article, in its second section, will analyze how Baltimore's vacant building receivership remedy …