Electronic titling: Potential and risks
AbstractInitiatives in electronic conveyancing and registration show the potential of new technologies to transform such systems, reducing costs and enhancing legal security. However, they also incur substantial risks of transferring costs and risks among registries, conveyancers and rightholders, instead of reducing them; entrenching the private interests of conveyancers, instead of increasing competition and disintermediating them; modifying the allocation of tasks in a way that leads in the long term to the debasement of registries of rights with indefeasible title into mere recordings of deeds; and empowering conveyancers instead of transactors and rightholders, which increases costs and reduces security. Fulfilling the promise of new technologies in both costs and security requires strengthening registries’ incentives and empowering rightholders in their interaction with registries.
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Bibliographic InfoPaper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 1193.
Date of creation: Dec 2009
Date of revision: Apr 2010
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Web page: http://www.econ.upf.edu/
Electronic Conveyancing; Electronic Registration; Lawyers; Notaries; Digital Signatures;
Other versions of this item:
- K11 - Law and Economics - - Basic Areas of Law - - - Property Law
- K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
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- Benito ArruÃ±ada, 2007.
"Market and institutional determinants in the regulation of conveyancers,"
European Journal of Law and Economics, Springer,
Springer, vol. 23(2), pages 93-116, April.
- Benito Arruñada, 2007. "Market and institutional determinants in the regulation of conveyancers," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra 1034, Department of Economics and Business, Universitat Pompeu Fabra.
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