Property as an economic concept: Reconciling legal and economic conceptions of property rights in a Coasean framework

Adopting a simplistic view of Coase (1960), most economic analyses of property rightsdisregard both the key advantage that legal property rights (that is, in rem rights) provide torightholders in terms of enhanced enforcement, and the difficulties they pose to acquirers interms of information asymmetry about legal title. Consequently, these analyses tend to overstatethe role of "private ordering" and disregard the two key elements of property law: first, theessential conflict between property (that is, in rem) enforcement and transaction costs; and,second, the institutional solutions created to overcome it, mainly contractual registries capable ofmaking truly impersonal (that is, asset-based) trade viable when previous relevant transactionson the same assets are not verifiable by judges. This paper fills this gap by reinterpreting bothelements within the Coasean framework and thus redrawing the institutional foundations of bothproperty and corporate contracting.

Audit report on the six divisions of the Iowa Department of Commerce for the year ended June 30, 2006

Audit report on the six divisions of the Iowa Department of Commerce for the year ended June 30, 2006

Department of Commerce - Iowa Utilities Board, Performance Report, Performance Results Achieved for Fiscal Year 2007, December 2007

The report highlights the services the IUB provided to Iowans, along with results achieved to ensure reliability, and to improve and expand utility service infrastructure in Iowa. This information is provided in accordance with the State of Iowa Accountable Government Act, Iowa Code chapter 8E. The two basic business functions of the IUB are utility regulation and compliance, and resource management. This report covers performance information for both of these areas.

A house price index defined in the potential outcomes framework

Current methods for constructing house price indices are based on comparisons of sale prices of residential properties sold two or more times and on regression of the sale prices on the attributes of the properties and of their locations. The two methods have well recognised deficiencies, selection bias and model assumptions, respectively. We introduce a new method based on propensity score matching. The average house prices for two periods are compared by selecting pairs of properties, one sold in each period, that are as similar on a set of available attributes (covariates) as is feasible to arrange. The uncertainty associated with such matching is addressed by multiple imputation, framing the problem as involving missing values. The method is applied to aregister of transactions ofresidential properties in New Zealand and compared with the established alternatives.

Department of Commerce - Alcoholic Beverages Division Performance Plan, FY 2009

Agency Performance Plan, Department of Commerce - Alcoholic Beverages Division

Department of Commerce - Division of Banking Performance Plan, FY 2009

Agency Performance Plan, Department of Commerce - Division of Banking

Department of Commerce - Credit Union Division Performance Plan, FY 2009

Agency Performance Plan, Department of Commerce - Credit Union Division

Plan de la Ville et des environs de Lille : Chambre de Commerce de Lille, Chemins de Fer / Dessiné sur pierre, par L. Duhem Cadet, Architecte

Échelle(s) : [ca 1:8 000], Echelle de 1000 Mètres [= 12,7 cm]

Audit report on the six divisions of the Iowa Department of Commerce for the year ended June 30, 2007

Audit report on the six divisions of the Iowa Department of Commerce for the year ended June 30, 2007