The Limits of Blockchain in Property: Trading Claims is not Trading Rights

The law-and-economics of property throws doubts on the prospects of blockchain for transacting durable high-value assets. You are free to sell your house contractually through a deed or, perhaps, a blockchain even if it is partly owned by your spouse … Continue reading

Property as Sequential Exchange: The Forgotten Limits of Private Contract

In this paper, published at the Journal of Institutional Economics (2017), I trace the disconnection between economic analysis and property law as well as repeated policy failures in land titling and administrative simplification to a theoretical choice: most law-and-economics analyses … Continue reading