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Author Lehavi, Amnon
Title The Construction of Property : Norms, Institutions, Challenges
Imprint New York : Cambridge University Press, 2013
book jacket
Descript 1 online resource (362 pages)
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Note Cover -- Contents -- Acknowledgments -- Introduction -- Part I Structural and institutional foundations -- 1 Property as a legal construct -- I. Property at the intersection of disciplines -- II. The philosophy of property -- A. Morality of the civil condition -- B. Rawls on property and public reason -- C. Kant on property as a public right -- III. Social sciences and property: market, power, and state -- A. Property and society -- 1. Marx and Weber on property -- 2. Property as politics -- 3. The political version of the bundle of rights -- 4. "Disintegration of property" is not (only) about politics -- B. Property and economics -- IV. The right/value distinction in law -- V. The structure of legal property -- A. Third party applicability -- B. Constraints on opting out -- C. The public/private interface -- VI. Why property structure does not impose content -- A. The rise of new essentialism -- B. Property structure accommodates normative choice -- 1. Property is not only about ownership -- 2. Property regimes go beyond private title -- 3. Clarity is not synonymous with exclusion -- 4. Ownership could be a relative right -- 5. The limits of value pluralism -- 6. Resource typology as an effective benchmark -- 7. Structure and values: the China example -- 2 Rules and standards: an institutional analysis of property -- I. Institutions and dynamism in property -- II. Framing legal standards in the form/substance debate -- A. The new formalism -- B. Rules versus standards in legal theory -- III. Incompleteness and legal standards in property -- A. Incomplete delineation of private, overlapping uses -- B. Incomplete allocation of future uses -- C. Incomplete rights and regulation -- D. Incompleteness and eminent domain -- IV. Toward an institutional analysis of standards -- A. Bottom-up private ordering -- B. Top-down content filling
V. Property legal standards and institutional choice -- A. "Custom," "good faith," and "trade usage" -- B. "Objectionable conduct" and "reasonableness" -- C. "Normalcy" in nuisance, "abuse of rights" doctrine -- VI. Institutional lessons of property standards -- 1. Incompleteness -- 2. Homogeneity -- 3. Scale of effect -- 4. Established institutional capability -- 5. External constraints -- 6. Institutional choice does not impose content -- Part II The spectrum of property regimes -- 3 Private-common-public: the promise of property hybrids -- I. The market for mixed property regimes -- A. The limits of private property -- B. Mixed property: past experience, present potential -- II. Public-private property -- III. Private-common property -- A. The CIC as residual claimant -- 1. Controlling commonly-owned assets . . . -- 2. . . . and privately-owned ones -- B. The Renewing Kibbutz: mixed ideology, mixed property -- IV. Public-common property -- A. The "public" in local public spaces -- 1. Positive externalities -- 2. Egalitarianism -- 3. Publicness and democracy -- B. "Public commons" in public spaces -- 1. Informal user groups: McCarren Park Moms -- 2. Incorporated user groups: The Carl Schurz Park Association -- 3. Formal mixed management: Prospect Park Alliance and ComCom -- 4. Formal sub-local structures: Bryant Park and BIDs -- 5. Publicly-authorized, conditional commons: community gardens -- C. The bilateral incentives behind public commons -- D. Possible tensions between "public" and "commons" -- E. The over- and under-inclusiveness of current law -- F. Providing mixed solutions for public commons -- V. Tri-layered property regimes -- A. Introducing Community Land Trusts -- B. The structural and institutional features of CLTs -- 1. Affordability through unbundling of rights and subsidies -- 2. Credit mediation -- 3. Prevention of insolvency
4. Lowering costs of insolvency -- VI. Toward a unifying theory of mixed property regimes -- A. Mixed optimal scales and production functions -- B. Mixed non-utilitarian values -- C. Flexibility in trial-and-error -- Part III Protagonists of property: beyond individual and state -- 4 How property can create, maintain, or destroy community -- I. The taxonomy of community -- A. What is "community"? -- B. Territorial communities and general society -- C. A triptych of the territorial communities landscape -- 1. Intentional communities -- 2. Planned Communities -- 3. Spontaneous Communities -- II. Why property matters to community -- A. Of Property Tailwind, Headwind, and (near) Zero-wind -- B. Implications for territorial communities -- 1. Intentional Communities -- 2. Planned Communities -- 3. Spontaneous Communities -- 5 The corporation as a property microcosm -- I. Berle and Means on property -- II. Theory of the firm: from contract to property? -- A. "Nexus of contracts" and its discontent -- B. Exploring the proprietary nature of the firm -- 1. Williamson and Hart on vertical integration and residual control -- 2. Hansmann and Kraakman on asset portioning -- 3. Armour and Winchop on joint, sequential ownership -- III. Paradigm lost: why the corporation challenges property theory -- A. Right to exclude versus separation of ownership and control -- B. Vertical authority versus horizontal governance -- C. Organizational structure as status-based stratification? -- IV. Property and the business corporation revisited -- 6 Eminent domain, incorporated -- I. Prologue -- II. The land assembly dilemma -- A. The Kelo saga -- B. Land assembly as an anticommons setting -- 1. From quintessential public projects . . . -- 2. . . . to non-profit private development projects . . . -- 3. . . . and for-profit ones
III. The proposed mechanism: a special-purpose development corporation -- A. Uncoupling taking and just compensation -- B. Reconceptualizing taking as incorporation -- C. The special-purpose development corporation -- D. Restructuring just compensation as a financial option -- 1. General design considerations -- a. Market-based just compensation -- b. Piggybacking on existing law -- c. A hybrid regime -- d. Special government allocation and tax aspects -- 2. Corporate governance -- 3. Landowners-turned-shareholders' perspective -- a. The key for internal share allocation -- b. A public offering -- c. Financing -- Part IV The global challenges of property -- 7 Can land law go global? -- I. How land crosses borders -- II. Land law as a national construct -- III. The growing effects of extra-national systems -- A. Supranational conventions and institutions -- B. Bilateral Investment Treaties -- C. Sub-society rights: national and international perspectives -- IV. Land laws in a global era: breaking new ground -- A. Identifying current gaps in cross-border land law -- 1. Institutional incompleteness -- 2. Structural over-fragmentation -- 3. No single blueprint for local reforms -- B. Property in land as a human right? -- 8 BITs and pieces of property -- I. The evolution of BITs -- A. BITs today -- B. From the beginning -- C. What BITs do: theory and evidence -- II. The challenge of BITs: from "investment" to "property" -- III. The intricacies of BIT property protection -- A. Cultural heterogeneity and the concept of property -- B. Actor heterogeneity -- C. Asset heterogeneity -- D. Legal norm heterogeneity: vertical -- E. Legal norm heterogeneity: horizontal -- Appendix: culture and property rights protection -- Bibliography -- Index
Presents a structural and institutional theory of property and examines property regimes, protagonists of property and the challenges of globalisation
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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Lehavi, Amnon The Construction of Property : Norms, Institutions, Challenges New York : Cambridge University Press,c2013 9781107035386
Subject Property
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