Thursday, May 31, 2007

 

Economic Analysis of Property Law in China.

Property Law was adopted by the National People's Congress in2007 and shall be going to effect on October 1, 2007.

In this paper, property law refers to a basic question? what is property right? It shall address the issue of possessory right.

Possessory right. An individual or legal person owns a property. We ordinarily mean that an individual or legal person owns an ownership of the property. Property law protects the right of an individual or legal person; to use, to assign or to dispose a thing freely and to prevent others to critize the owner. Moreover, the property law also address certain regulations to allow the first person to commit particular act and to prevent others to commit particular acts, in order to protect the first person possessory right exclusively.

However, the freedom of usage the property right that is limited, in other words, it is proportionally. There is a man who owns an ownership of the land in countryside. Generally, we can say the the man can do what he please to do on the land (farming, build a building or leave it idle).

Right to transfer.

http://zt.thebeijingnews.com/0799/2007/03-19/018@051239.htm

Monday, May 07, 2007

 

Law and Economics

It has been a long time without update this blog, I am going to study Master of Economics in September. As you all know, I completed a LLB degree last year. Especially, I enjoy studying the combination of these two areas; law and economics.

There are two books that are highly recommended.

Game Theory and the Law
Douglas G. Baird, Robert H. Gertner and Randal C. Picker
http://picker.uchicago.edu/agtl/gtl.html


Foundations of Economic Analysis of Law
Steven Shavell
http://www.hup.harvard.edu/catalog/SHAFOU.html