A transaction-cost theory of land use planning and development control
Towards the institutional analysis of public planning
Bibliographic Data
| ID | 23323924 |
|---|---|
| Authors | Ernest R Alexander (0000-0002-9434-1847, The MOFET Institute, corresponding author) |
| Year | 2001 |
| Volume | 72 |
| Issue | 1 |
| Pages | 45-76 |
| Publication date | 2001-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Town Planning Review (JOURNAL) |
| Journal identifiers | ISSN: 0041-0020 • E-ISSN: 1478-341X |
| Publisher | Liverpool University Press (PUBLISHER • GB) |
| DOI | 10.3828/tpr.2001.72.1.45 |
| OpenAlex | W2317740363 |
| Language | EN |
| Citations received | 68 |
Discussion of public land use planning and development control has addressed the question: why does society choose this way to control the production of the built environment? This paper’s rationale for public land use planning and development control is based on transaction-cost theory; namely that the assignment of property rights in land and third-party enforcement are essential for the efficient operation of markets. The outline of an integrated economic-political transaction-cost theory is developed to analyse the transactions involved in production of the built environment. The critical characteristics of these transactions and their implied transaction costs are matched to alternative governance structures—planning by public agencies, privatisation or delegation of planning and development control functions and voluntary enforcement through contract zoning or restrictive covenants. This paper offers a conceptual model that can be applied to the analysis and design of planning and development control systems.
Business · Civil engineering · Control (management) · Database · Database transaction · Economics · Environmental economics · Environmental planning · Environmental resource management · Land use · Land-use planning · Management · Natural resource economics · Operations management · Transaction cost · Computer Science · Engineering · Environmental Science · Finance · Housing Market and Economics · Urban Planning and Valuation
Sustainable rural renewal in China
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Planners as Market Actors
Effects of Proximity to Multifamily Housing on Property Values in Little Rock, Arkansas, 2000–2016
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An analysis of urban renewal decision-making in China from the perspective of transaction costs theory
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Institutional Transformation and Planning
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The Logic of Critical Communicative Planning
Transaction cost reduction and innovations for spontaneous cities
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| Unique citing works | 68 |
|---|---|
| Citations per year | 2,83 |
| Citation span | 2002 - 2026 (25) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 66 |