The Cost of Land Use Decisions: Applying Transaction Cost Economics to Planning and Development

The Cost of Land Use Decisions......Page 1
Contents......Page 7
Preface......Page 9
Introduction......Page 11
Beyond the \'market versus the government\' debates......Page 13
The study of transaction costs in planning and\rproperty research......Page 16
The structure of this book......Page 19
References......Page 20
Economic approaches to institutionalism......Page 25
Institutions and transaction costs in the (early) new\rinstitutional economics......Page 29
Governance structures and property rights: building upon\rand refining Coase\'s work......Page 34
How do transaction costs emerge? Transaction dimensions\rand economic behaviour......Page 40
Relationship between transaction costs and institutions......Page 44
References......Page 48
3\rOperationalising Institutions and\rTransaction Costs......Page 53
User rights regimes as particular governance structures......Page 55
A transaction-cost analysis of the development process:\ra methodology......Page 58
The empirical research......Page 64
References......Page 67
Dutch planning and property law......Page 71
The Marialaan case: small but complex......Page 77
Transaction-cost analysis of the Marialaan......Page 82
References......Page 89
English planning and property law......Page 91
Wapping Wharf......Page 99
Transaction-cost analysis of Wapping Wharf......Page 108
References......Page 114
Planning in the US: social conflict over property rights......Page 117
Houston: no zoning, but not unregulated......Page 120
Houston city planning in practice: Montebello......Page 127
Transaction-cost analysis of Montebello......Page 135
References......Page 138
The user rights regimes compared......Page 141
Transaction costs enrangled in structures......Page 150
References......Page 154
The quest for control over development......Page 155
Relationship between public and private sector......Page 160
Attitudes towards transaction costs......Page 162
Legal styles: flexibility, certainty and accountability......Page 175
References......Page 177
9\rPlanning at What Cost? Conclusions\rand Discussion......Page 181
Applying transaction cost theory to planning and\rdevelopment......Page 183
Transaction costs as dead weight losses or means with\ra purpose?......Page 187
References......Page 191
Appendix A: Interviewees......Page 193
Appendix B: People Working in\rPlanning......Page 195
Index......Page 201