The Induced Institutional Change and the Legalization of Housing with Informal Property Rights

摘要

In recent years, especially in 2007, housing with informal property rights (HIPR) has caused strong concerns in society. People expressed their different views on legalization of HIPR from different aspects. In fact, if we inspect HIPR from the angle of the theory of the induced institutional change (TIIC) of new institutional economics, the emergence of HIPR fully meets the basic assumptions and processes of TIIC, which is a kind of induced institutional change. However, the final institutional arrangements of this kind of induced institutional change will subject to many principals, including government attitude, inertia of existing legal system, and rigidity of ideology and interest conflicts of groups. So, the legalization of HIPR can not happen in one night, it has a long way to go.