Titling Systems

Titling systems are the institutions used to enforce property rights as rights _in rem_ and reduce the cost of transacting on them. To be effective in non-local markets, they require a registry, which produces information on claims or rights, thus allowing the judge to verify them, establish their relative priority and solve conflicts between claimholders by adjudicating rights _in rem_ and _in personam_ to them. Since the judge relies on register evidence, access to registers also allows contractual parties to reduce their information asymmetry before transacting.