Scandinavian Working Papers in Economics
Working Paper Series,
Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance
No 13/14: The Choice between 3D Property Rights Alternatives - Economic Theory, Legal Provisions, and Case Studies
Peter Ekbäck ()
Additional contact information
Peter Ekbäck: Department of Real Estate and Construction Management, Royal Institute of Technology, Postal: Department of Real Estate and Construction Management , Royal Institute of Technology, Brinellvägen 1, 100 44 Stockholm, Sweden
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.
Keywords: 3D property rights; 3D property formation; institutional choice; transaction costs.
18 pages, August 29, 2013
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WP201314.pdf
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