Property Rights and Urban Form

Simeon Djankov, Edward Glaeser, Valeria Perotti and Andrei Shleifer

No 28793, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: How do the different elements in the standard bundle of property rights, including those of possession and transfer, influence the shape of cities? This paper incorporates insecure property rights into a standard model of urban land prices and density, and makes predictions about investment in land and property, informality, and the efficiency of land use. Our empirical analysis links data on institutions for land titling and transfer with multiple urban outcomes, in 190 countries. The evidence is generally consistent with the model’s predictions, and more broadly with the Demsetz’s (1967) approach to property rights institutions. Indeed, we document world-wide improvements in the quality of institutions facilitating property transfer over time.

JEL-codes: K11 P14 R30 (search for similar items in EconPapers)
Date: 2021-05
New Economics Papers: this item is included in nep-ure
Note: LE PE POL
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Published as Simeon Djankov & Edward Glaeser & Valeria Perotti & Andrei Shleifer, 2022. "Property Rights and Urban Form," The Journal of Law and Economics, vol 65(S1), pages S35-S64.

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Journal Article: Property Rights and Urban Form (2022)
Working Paper: Property rights and urban form (2021)
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