Does Planning Matter Effects On Land Markets
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Does Planning Matter Effects On Land Markets
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Author : Wenjie Wu
language : en
Publisher:
Release Date : 2015
Does Planning Matter Effects On Land Markets written by Wenjie Wu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
This paper uses a spatial multi-intervention difference-in-difference method to examine the opening and planning impacts of transport improvements on land markets in a mega-city of China. The results suggest the significant heterogeneity in the capitalization effects from changes in rail access on prices for different land uses in affected areas versus unaffected areas. Residential and commercial land parcels receiving increased station proximity experience appreciable price premiums. However, such effects vary widely over space. These results add to the evidence that public investments have an important role to play in spurring the spatially targeted land market.
Property Rights Planning And Markets
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Author : Christopher J. Webster
language : en
Publisher: Edward Elgar Publishing
Release Date : 2003-01-01
Property Rights Planning And Markets written by Christopher J. Webster and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-01-01 with Business & Economics categories.
''This is an important book. The authors in effect offer a positive theory of planning and urbanisation. As such, Webster and Lai''s model, based on institutional economics, is a vast improvement on some equally ambitious predecessors. The book''s insights and clarity make it a must reading for anyone seeking better understanding of how cities evolve as they do, and why planning is an integral part of their evolution.'' - Ernest Alexander, University of Wisconsin, Milwaukee, US ''A truly remarkable achievement.'' - Mark Pennington, University of London, UK ''Chris Webster and Lawrence Lai have created a coherent and insightful integration of concepts such as property rights, organizations, competition, incentives, transaction costs, public goods, and externalities, which will help theorists and urban practitioners analyze and manage city goods and services. An important insight of the authors is the recognition of the interdependencies of people in a neighborhood, which can be efficiently handled with shares in the property value of the neighborhood. There is a constant question of how much markets and how much government should be involved in urban matters, and the authors provide a reasoned, balanced approach which recognizes the vital role of government while appreciating the effectiveness of markets and decentralized decision making, including private institutions or" clubs" such as homeowners'' associations. Their position that governments and markets co-evolve and complement one another is sound, and their conclusions regarding the need to provide clear property rights and efficient rules provide us with theoretical tools to better understand how cities can be improved while being wary of the "allure of utopia".'' - Fred Foldvary, Santa Clara University, California, US ''This is a really important contribution to the planning literature. Beautifully written and clearly structured, it explains the complex relationship between" planning" and "markets" using the economic perspective of transaction cost theory and the" new-institutionalism". This provides a robust way of addressing the old "economic and planning" agenda, which the authors illustrate with references to cases and situations from across the world. Informative and stimulating, this should be included in every planning theory course, and will be helpful to all trying to re-think old debates about planning and markets.'' - Patsy Healey, Newcastle University, UK ''Professors Webster and Lai have written a masterly work that applies the principles of Hayek and of institutional economics to understanding cities. This is a refreshing and more convincing alternative to the standard politically correct views.'' - Harry W. Richardson, University of Southern California, US ''Property Rights, Planning and Markets covers an original and intriguing issue, viz. the existence and development of cities at the interface of market forces and planned or controlled policies ...the book offers new horizons and contains refreshing reading material.'' - Peter Nijkamp, Free University, Amsterdam, The Netherlands This book represents a major innovation in the institutional analysis of cities and their planning, management and governance. Using concepts of transaction costs and property rights, the work shows systematically how urban order evolves as individuals co-operate in cities for mutual gain. Five kinds of urban order are examined, arising as co-operating individuals seek to reduce the costs of transacting with each other. These are organisational order (combinations of property rights), institutional order (rules and sanctions), proprietary order (fragmentation of property rights), spatial order and public domain order. Property Rights, Planning and Markets also offers an institutional interpretation of urban planning and management that challenges both the view that planning inevitably conflicts with freedom of contract and the view that its function is a means of correcting market failures. Real life examples from countries and regions around the world are used to illustrate the universal relevance of theoretical generalisations, which will be welcomed by a new generation of policymakers and students who take on a world view that goes beyond national boundaries.
Land Planning And The Market
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Author :
language : en
Publisher:
Release Date : 1978
Land Planning And The Market written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with categories.
Do Plans Matter
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Author : Gerrit Knaap
language : en
Publisher:
Release Date : 1999
Do Plans Matter written by Gerrit Knaap and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Real property categories.
Do Plans Matter
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Author : Gerrit J. Knaap
language : en
Publisher:
Release Date : 1995
Do Plans Matter written by Gerrit J. Knaap and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Local government categories.
Land Market Monitoring For Smart Urban Growth
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Author : Gerrit Knaap
language : en
Publisher:
Release Date : 2001
Land Market Monitoring For Smart Urban Growth written by Gerrit Knaap and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
Papers of a conference held in March 2000 and sponsored by the Lincoln Institute of Land Policy and the United States Dept. of Housing and Urban Development.
Planning Law And Economics
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Author : Barrie Needham
language : en
Publisher: Routledge
Release Date : 2006-09-27
Planning Law And Economics written by Barrie Needham and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-09-27 with Architecture categories.
This book highlights the complex financial, personal, legal, ideological and societal aspects of land-use, and how it influences and is influenced by property rights.
Instruments Of Land Policy
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Author : Jean-David Gerber
language : en
Publisher: Routledge
Release Date : 2018-01-17
Instruments Of Land Policy written by Jean-David Gerber and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-17 with Architecture categories.
In dealing with scarce land, planners often need to interact with, and sometimes confront, property right-holders to address complex property rights situations. To reinforce their position in situations of rivalrous land uses, planners can strategically use and combine different policy instruments in addition to standard land use plans. Effectively steering spatial development requires a keen understanding of these instruments of land policy. This book not only presents how such instruments function, it additionally examines how public authorities strategically manage the scarcity of land, either increasing or decreasing it, to promote a more sparing use of resources. It presents 13 instruments of land policy in specific national contexts and discusses them from the perspectives of other countries. Through the use of concrete examples, the book reveals how instruments of land policy are used strategically in different policy contexts.
Community Planning
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Author : Eric Damian Kelly
language : en
Publisher: Island Press
Release Date : 2012-09-26
Community Planning written by Eric Damian Kelly and has been published by Island Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-09-26 with Architecture categories.
This book introduces community planning as practiced in the United States, focusing on the comprehensive plan. Sometimes known by other names—especially master plan or general plan—the type of plan described here is the predominant form of general governmental planning in the U.S. Although many government agencies make plans for their own programs or facilities, the comprehensive plan is the only planning document that considers multiple programs and that accounts for activities on all land located within the planning area, including both public and private property. Written by a former president of the American Planning Association, Community Planning is thorough, specific, and timely. It addresses such important contemporary issues as sustainability, walkable communities, the role of urban design in public safety, changes in housing needs for a changing population, and multi-modal transportation planning. Unlike competing books, it addresses all of these topics in the context of the local comprehensive plan. There is a broad audience for this book: planning students, practicing planners, and individual citizens who want to better understand local planning and land use controls. Boxes at the end of each chapter explain how professional planners and individual citizens, respectively, typically engage the issues addressed in the chapter. For all readers, Community Planning provides a pragmatic view of the comprehensive plan, clearly explained by a respected authority.
Marginal And Average Prices Of Land Lots Should Not Be Equal
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Author : Cameron Murray
language : en
Publisher:
Release Date : 2019
Marginal And Average Prices Of Land Lots Should Not Be Equal written by Cameron Murray and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
Glaeser and Gyourko's (2003) (henceforth G&G's) method of measuring the gap between marginal and average land prices of housing lots has become a popular way of demonstrating the degree to which planning controls, or “regulatory taxes”, increase residential land prices. This has led policy-makers across the globe to focus on town planning as a critical determinant of rising home prices. We show, however, that G&G's method shows no such thing. Instead, even according to their own model, the price gap is a product of the location premium of land, diminishing returns to buyers of residential land size, and historical city development patterns.Additional flaws and contradictions identified in their model are (1) that they confuse total lot supply with land supply per lot, (2) that minimum lot size restrictions will increase the marginal land value compared to the average rather than decrease it, (3) that the economic incidence of taxes on land matters to the outcome whereas they claim it does not, and (4) that there are no subdivision incentives for landowners. Standard price-taking models of residential land markets contain none of these flaws and provide a better interpretation of land price patterns.Empirically, we show that G&G's method will find a high “regulatory tax” even in the absence of regulatory constraints using both simulated data and historical land sales data from colonial Australia and ancient Mesopotamia. This exercise demonstrates that G&G's method cannot differentiate between planning-constrained and unconstrained development patterns. In short, there is no information regarding the effect of planning controls on the supply of new dwellings in a comparison of marginal and average land prices and this method should not be relied upon to inform planning and housing policy decisions.