File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Time is of the essence: the idea of the corollary of the coase theorem and a possible application

TitleTime is of the essence: the idea of the corollary of the coase theorem and a possible application
Authors
Issue Date2007
PublisherBlackwell Publishing Asia. The Journal's web site is located at http://www.blackwellpublishing.com/journals/RURDS
Citation
Review of Urban & Regional Development Studies, 2007, v. 19 n. 3, p. 224-232 How to Cite?
AbstractExtant theories on the application of the Coase Theorem to the development market have focused on the effects of zoning on the environment or upon property prices. As an original contribution to the Coasian research on the interface between the development market and the statutory planning machinery, this article seeks to develop a Coasian proposition informed by what has been called the corollary of the Coase Theorem, which allows for an empirical examination of the impact of property prices on decisions to use resources under different institutional arrangements. Our proposition is that the procedural steps taken to consume resources are not contingent on property prices unless the associated transaction costs are positive or property rights ambiguous. © The Applied Regional Science Conference (ARSC)/Blackwell Publishing Asia Pty Ltd. 2007.
Persistent Identifierhttp://hdl.handle.net/10722/168761
ISSN
2015 SCImago Journal Rankings: 0.167
References

 

DC FieldValueLanguage
dc.contributor.authorLai, LWCen_US
dc.contributor.authorYung, Pen_US
dc.contributor.authorHo, ECKen_US
dc.date.accessioned2012-10-08T03:32:11Z-
dc.date.available2012-10-08T03:32:11Z-
dc.date.issued2007en_US
dc.identifier.citationReview of Urban & Regional Development Studies, 2007, v. 19 n. 3, p. 224-232en_US
dc.identifier.issn0917-0553en_US
dc.identifier.urihttp://hdl.handle.net/10722/168761-
dc.description.abstractExtant theories on the application of the Coase Theorem to the development market have focused on the effects of zoning on the environment or upon property prices. As an original contribution to the Coasian research on the interface between the development market and the statutory planning machinery, this article seeks to develop a Coasian proposition informed by what has been called the corollary of the Coase Theorem, which allows for an empirical examination of the impact of property prices on decisions to use resources under different institutional arrangements. Our proposition is that the procedural steps taken to consume resources are not contingent on property prices unless the associated transaction costs are positive or property rights ambiguous. © The Applied Regional Science Conference (ARSC)/Blackwell Publishing Asia Pty Ltd. 2007.en_US
dc.languageengen_US
dc.publisherBlackwell Publishing Asia. The Journal's web site is located at http://www.blackwellpublishing.com/journals/RURDSen_US
dc.relation.ispartofReview of Urban & Regional Development Studiesen_US
dc.titleTime is of the essence: the idea of the corollary of the coase theorem and a possible applicationen_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.doi10.1111/j.1467-940X.2007.00133.xen_US
dc.identifier.scopuseid_2-s2.0-38149053009en_US
dc.identifier.hkuros138196-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-38149053009&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume19en_US
dc.identifier.issue3en_US
dc.identifier.spage224en_US
dc.identifier.epage232en_US
dc.publisher.placeAustraliaen_US
dc.identifier.scopusauthoridLai, LWC=7202616218en_US
dc.identifier.scopusauthoridYung, P=24377307900en_US
dc.identifier.scopusauthoridHo, ECK=23396650700en_US
dc.identifier.citeulike2231814-

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats