Optimal statute of limitations under land development timing decisions

Jyh Bang Jou, Charlene Tan Lee

研究成果: 雜誌貢獻期刊論文同行評審


In a recording title system, a landowner faces two risks: the risk of a claim from a previously dispossessed owner and risk of being dispossessed by adverse possession, squatting, or encroachment. In this study, we build a real options model to investigate the issues regarding the optimal statute of limitations. In the absence of any uncertainty, a longer statute of limitations delays land development, and thus a regulator may allow for a more lenient policy of statutory limitations for land located in the suburb than in the city center. At any given location, greater uncertainty in urban rents will cause a landowner to wait longer. Anticipating this outcome, the regulator should shorten the statute of limitations to increase the likelihood for the current owner to retain title.

期刊Annals of Regional Science
出版狀態已出版 - 13 2月 2019


深入研究「Optimal statute of limitations under land development timing decisions」主題。共同形成了獨特的指紋。