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Article: Property rights justifications for planning and a theory of zoning

TitleProperty rights justifications for planning and a theory of zoning
Authors
Issue Date1997
PublisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/progress
Citation
Progress in Planning, 1997, v. 48 n. 3, p. 161, 163, 165-179, 181-211, 213-231, 233-241, 243-245 How to Cite?
AbstractIn the field of planning research, the opportunities offered by the emergence of property rights economics ensuing from Ronald Coase's article 'The Problem of Social Cost' (Journal of Law and Economics, 1(3), 1960, 1-44) is yet to be exploited. Such opportunities have either been neglected or mistaken by many who subscribe to the antithesis of planning interventions predicated on Pigovian welfare economic arguments, While property rights economics does provide a much more powerful and meaningful analytical empirical approach to investigate government policies it does not necessarily lead to a categorical rejection of planning as a government policy area. This paper is divided into two parts. Part I elucidates by reference to examples and case studies some property rights grounds for planning intervention in resource allocation and management as a fruitful alternative to the market failure paradigm. Part II provides a framework for understanding zoning as a government function in terms of the property rights concepts discussed in Part I.
Persistent Identifierhttp://hdl.handle.net/10722/168696
ISSN
2015 Impact Factor: 2.0
2015 SCImago Journal Rankings: 1.663

 

DC FieldValueLanguage
dc.contributor.authorLai, LWCen_US
dc.date.accessioned2012-10-08T03:31:35Z-
dc.date.available2012-10-08T03:31:35Z-
dc.date.issued1997en_US
dc.identifier.citationProgress in Planning, 1997, v. 48 n. 3, p. 161, 163, 165-179, 181-211, 213-231, 233-241, 243-245en_US
dc.identifier.issn0305-9006en_US
dc.identifier.urihttp://hdl.handle.net/10722/168696-
dc.description.abstractIn the field of planning research, the opportunities offered by the emergence of property rights economics ensuing from Ronald Coase's article 'The Problem of Social Cost' (Journal of Law and Economics, 1(3), 1960, 1-44) is yet to be exploited. Such opportunities have either been neglected or mistaken by many who subscribe to the antithesis of planning interventions predicated on Pigovian welfare economic arguments, While property rights economics does provide a much more powerful and meaningful analytical empirical approach to investigate government policies it does not necessarily lead to a categorical rejection of planning as a government policy area. This paper is divided into two parts. Part I elucidates by reference to examples and case studies some property rights grounds for planning intervention in resource allocation and management as a fruitful alternative to the market failure paradigm. Part II provides a framework for understanding zoning as a government function in terms of the property rights concepts discussed in Part I.en_US
dc.languageengen_US
dc.publisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/progressen_US
dc.relation.ispartofProgress in Planningen_US
dc.titleProperty rights justifications for planning and a theory of zoningen_US
dc.typeArticleen_US
dc.identifier.emailLai, LWC: wclai@hku.hken_US
dc.identifier.authorityLai, LWC=rp01004en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-0031426615en_US
dc.identifier.hkuros36070-
dc.identifier.volume48en_US
dc.identifier.issue3en_US
dc.identifier.spage161en_US
dc.identifier.epage245en_US
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridLai, LWC=7202616218en_US

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