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The Demarcation of Land and the Role of Coordinating Institutions

  • Gary D. Libecap

    ()

  • Dean Lueck

    ()

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    This paper examines the economic effects of the two dominant land demarcation systems, metes and bounds (MB) and the rectangular system (RS). Under MB property is demarcated by its perimeter as indicated by natural features and human structures and linked to surveys within local political jurisdictions. Under RS land demarcation is governed by a common grid with uniform square shapes, sizes, alignment, and geographically-based addresses. In the U.S. MB is used principally in the original 13 states, Kentucky, and Tennessee. The RS is found elsewhere under the Land Ordinance of 1785 that divided federal lands into square-mile sections. We develop an economic framework for examining land demarcation systems and draw predictions. Our empirical analysis focuses on a 39-county area of Ohio where both MB and RS were used in adjacent areas as a result of exogenous historical factors. The results indicate that topography influences parcel shape and size under a MB system; that parcel shapes are aligned under the RS; and that the RS is associated with higher land values, more roads, more land transactions, and fewer legal disputes than MB, all else equal. The comparative limitations of MB appear to have had negative long-term effects on land values and economic activity in the sample area.

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    File URL: http://servizi.sme.unito.it/icer_repec/RePEc/icr/wp2009/ICERwp14-09.pdf
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    Paper provided by ICER - International Centre for Economic Research in its series ICER Working Papers with number 14-2009.

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    Length: 66 pages
    Date of creation: Jul 2009
    Date of revision:
    Handle: RePEc:icr:wpicer:14-2009
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    1. Thomas J. Holmes & Sanghoon Lee, 2009. "Economies of Density versus Natural Advantage: Crop Choice on the Back Forty," NBER Working Papers 14704, National Bureau of Economic Research, Inc.
    2. Nancy T. Gallini, 2002. "The Economics of Patents: Lessons from Recent U.S. Patent Reform," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 131-154, Spring.
    3. Farrell, Joseph & Klemperer, Paul, 2006. "Coordination and Lock-In: Competition with Switching Costs and Network Effects," Competition Policy Center, Working Paper Series qt9n26k7v1, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
    4. Avinash Dixit, 2003. "Trade Expansion and Contract Enforcement," Journal of Political Economy, University of Chicago Press, vol. 111(6), pages 1293-1317, December.
    5. Thomas J. Holmes & Sanghoon Lee, 2010. "Cities as Six-by-Six-Mile Squares: Zipf's Law?," NBER Chapters, in: Agglomeration Economics, pages 105-131 National Bureau of Economic Research, Inc.
    6. Clay, Karen & Wright, Gavin, 2005. "Order without law? Property rights during the California gold rush," Explorations in Economic History, Elsevier, vol. 42(2), pages 155-183, April.
    7. Barzel, Yoram, 1982. "Measurement Cost and the Organization of Markets," Journal of Law and Economics, University of Chicago Press, vol. 25(1), pages 27-48, April.
    8. Lueck, Dean, 1995. "The Rule of First Possession and the Design of the Law," Journal of Law and Economics, University of Chicago Press, vol. 38(2), pages 393-436, October.
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