Start Page: 137
End Page:159
Volume:4
Issue Number: 02
Year: 1996
Publication: Journal of Real Estate Literature

   
Abstract:  The primary focus of the paper is to provide a survey of the diverse research that examines the relationship between property rights and their effect on economic efficiency. The implications of this type of research are enormous for international real estate investors due to the wide range of institutional structures affecting land and buildings throughout the world. Generally, it is found that stronger property rights structures are related to higher levels of economic efficiency because private property rights institutions create incentives to become increasingly efficient in terms of resource usage.