The trust is a key legal institution in the common law world but it has been neglected by the law and economics community until recently borrowing theories and doctrines from corporate law and economics scholars have variously analysed and described the trust as a tripartite contract a nexus of contracts and even a legal entity. The economic structure of trusts towards a property based approach lau m w 9780199602407 books amazonca. The economic structure of trusts towards a property based approach by m w lau 13 jan 2011 hardcover books amazonca. It develops an analysis of trusts from a proprietary perspective and applies the property based approach to the economic analysis of trusts explaining the economic benefits of trusts as an extension of the law of property it also demonstrates how once trusts are properly understood as property it becomes obvious why these novel developments can only be for the worse and should be reversed. The economic structure of trusts towards a property based approach m w lau additional contact information m w lau director chinese estates holdings limited hong kong in oup catalogue from oxford university press abstract this book provides an economic account of why trusts exist and how trust law should be shaped the trust is a key legal institution in the common law world but it