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The Choice between 3D Property Rights Alternatives - Economic Theory, Legal Provisions, and Case Studies

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  • Ekbäck, Peter

    ()
    (Department of Real Estate and Construction Management, Royal Institute of Technology)

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    Abstract

    The article analyses the economic and legal choice between 3D property formation and other property rights alternatives to accommodate needs for multiple uses of and access to three-dimensionally defined spaces. An overview of 3D property rights alternatives in Sweden is presented, and a closer comparison made between easements and 3D property formation with regard to transaction costs. Two case studies show that the choice between different 3D property rights alternatives may in practice depend on features in completely different parts of the real property law system.

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    File URL: https://www.dropbox.com/s/93bixtsl0h4nl7l/WP201314.pdf
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    Bibliographic Info

    Paper provided by Department of Real Estate and Construction Management & Centre for Banking and Finance (cefin), Royal Institute of Technology in its series Working Paper Series with number 13/14.

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    Length: 18 pages
    Date of creation: 29 Aug 2013
    Date of revision:
    Handle: RePEc:hhs:kthrec:2013_014

    Contact details of provider:
    Postal: Department of Real Estate and Construction Management, Royal Institute of Technology, Brinellvägen 1, 100 44 Stockholm, Sweden
    Web page: http://www.kth.se/en/abe/inst/fob
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    Related research

    Keywords: 3D property rights; 3D property formation; institutional choice; transaction costs.;

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