IDEAS home Printed from https://ideas.repec.org/a/oup/amlawe/v11y2009i2p399-450.html
   My bibliography  Save this article

Property Rights and Contract Form in Medieval Europe

Author

Listed:
  • Alexander Volokh

Abstract

Throughout western Europe, beginning about 1200, leasing of lords' estates became more common relative to direct management. In England, however, direct management increased beginning around the same time and until the fourteenth century, and leasing increased thereafter. This article models contract choice as a trade-off between incentives and insurance. Leasing increases as living standards improve. In England, the increase in direct management can be explained by improved security of freehold tenure, and the increase in leasing can be explained not only by living standards but also by improved security of leasehold tenure. Copyright 2009, Oxford University Press.

Suggested Citation

  • Alexander Volokh, 2009. "Property Rights and Contract Form in Medieval Europe," American Law and Economics Review, American Law and Economics Association, vol. 11(2), pages 399-450.
    • Handle: RePEc:oup:amlawe:v:11:y:2009:i:2:p:399-450
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/aler/ahp012
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:amlawe:v:11:y:2009:i:2:p:399-450. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/aler .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.