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3 - Limited Number of Limited Property Rights

Less Is More

from Part I - Foundation

Published online by Cambridge University Press:  18 May 2023

Yun-chien Chang
Yun-chien Chang
Affiliation:
Cornell Law School, New York
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Summary

Chapter 3 focuses on the numerus clausus principle and the limited property rights. It first documents that about a quarter of jurisdictions explicitly adopt this principle, while many others do so implicitly. Chapter 3 argues that this principle is generally efficient. Chapter 3 will also show that property forms such as mortgage (called hypothec in civil law) and real easement are extremely popular.

Keywords

numerus clausususe rightsecurity righteasementleasemortgagechargehypothecpledgetrust
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Chapter
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Property Law
Comparative, Empirical, and Economic Analyses
 , pp. 62 - 100
Publisher: Cambridge University Press
Print publication year: 2023

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