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

Author

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  • Stoyan Shalamanov

    (University of Architecture, Civil Eng. and Geodesy, Sofia, Bulgaria)

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.

Suggested Citation

  • Stoyan Shalamanov, 2020. "The Conflict between Utility and Efficiency in the Management of Property Rights in Urban Construction," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 83-91, March.
    • Handle: RePEc:nwe:iisabg:y:2020:i:1:p:83-91
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    File URL: https://www.unwe.bg/doi/alternativi/2020.1/ISA.2020.1.07.pdf
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    More about this item

    Keywords

    property rights theory; marginal cost; utility; partitioning of property rights; urban planning; building construction;
    All these keywords.

    JEL classification:

    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction

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