FL_10-5 - Property as social process in the rebuilding of New Orleans

FL_10-5 Property - Tenure terminology Property rights and obligations to things that are enforceable by custom norm or law not the things

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Tenure terminology Property : rights and obligations to things that are enforceable by custom, norm or law. not the things themselves not always absolute, private “bundle of rights” Tenure : the system of rules defining the allocation of property (e.g., law / custom) “tenure rights:” rights within a tenure system Sovereignty: supreme political authority in a geographic region or group of people. the sovereign: Government, monarch, the people the ultimate authority to grant / take property
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Types of property Private : individual right to exclude State : institutional right to exclude Common : community member right to not be excluded Usufruct : individual right to be included (and exclude temporarily)
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P roperty: rights & obligations Exclusion rights Non-exclusion rights Control rights Use rights Transfer rights (alienation) Rights of a collective interest Formal property rights ( de jure ) Informal property rights ( de facto ) Overlapping rights Obligations
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Why property? The forms and distribution of property have great implications for socioeconomic
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This note was uploaded on 10/05/2010 for the course ESPM 28984 taught by Professor Spreyer during the Fall '10 term at University of California, Berkeley.

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FL_10-5 Property - Tenure terminology Property rights and obligations to things that are enforceable by custom norm or law not the things

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