The Conflict between Utility and Efficiency in the Management of Property Rights in Urban Construction

Stoyan Shalamanov
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Stoyan Shalamanov: University of Architecture, Civil Eng. and Geodesy, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2020, issue 1, 83-91

Abstract: The article presents the development of a new theoretical model (approach) which examines the outcomes of the fragmentation of property and the powers over a given property defined as a “conflict between utility and efficiency when a property is fragmented.†Furthermore, the paper presents the possibility of applying this model in the regulation of some worrying tendencies, observed in the construction sector in Bulgaria, as well as around the world.

Keywords: property rights theory; marginal cost; utility; partitioning of property rights; urban planning; building construction (search for similar items in EconPapers)
JEL-codes: D23 L74 P48 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2020:i:1:p:83-91

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