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Development Rights Markets to Manage Urban Plans in Italy

Bibliographic Data

ID10859637
AuthorsEzio Micelli (0000-0002-8116-1206, Department of Urban Planning, Santa Croce 1957, 30135 Venice, Italy, corresponding author)
Year2002
Volume39
Issue1
Pages141-154
Publication date2002-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueUrban Studies (JOURNAL)
Journal identifiersISSN: 0042-0980 • E-ISSN: 1360-063X
PublisherSAGE Publications (PUBLISHER • US)
DOI10.1080/00420980220099122
OpenAlexW2085783333
LanguageEN
Citations received36
References cited6

Urban economists and planners have been debating the possibility of using innovative methods and tools in managing urban plans to increase their effectiveness. According to many theoretical contributions, a major step would lie in shifting from the use of authoritative tools towards market-based ones. The institution of a development rights market in order to implement urban plans represents a major attempt to transfer into the practical urban government such a theoretical perspective. Several significant elements emerge from an analysis of the major case studies of development rights markets in Italy. First, markets for development rights do not replace the command-and-control tools traditionally used in planning. In reality, the success of the new markets seems to depend significantly on their integration with the latter. Furthermore, markets for development rights have not proved to be automatic devices led by an invisible hand: the visible hands of the administrations take steps to establish market rules and to promote them, reducing transaction costs as much as possible

Business · Civil engineering · Control (management · Database transaction · Economics · Government (linguistics · Industrial organization · Institution · Management · Market development · Market economy · Order (exchange · Perspective (graphical · Political science · Transaction cost · Urban planning · Auction Theory and Applications · Computer Science · Engineering · Finance · Law · Public-Private Partnership Projects · Urban Planning and Valuation

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Unique citing works36
Citations per year1,71
Citation span2005 - 2026 (22)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 35

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