Saturday, 20 August 2016

How useful is it to formalize land titles? - Marginal REVOLUTION

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“When property rights are transferred to very poor people, preserving legal tenure will likely entail onerous expenses in the form of attorney and public notary fees, and courts costs. In addition, these charges are higher in relative terms in very unequal societies where the gap between the poor and the relatively well-off is wider.”

From How useful is it to formalize land titles? - Marginal REVOLUTION

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