File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)

Article: The nature of the neighbourhood

TitleThe nature of the neighbourhood
Authors
Issue Date2003
PublisherSage Publications Ltd.. The Journal's web site is located at http://usj.sagepub.com/
Citation
Urban Studies, 2003, v. 40 n. 13, p. 2591-2612 How to Cite?
AbstractThis paper considers the order that emerges in cities as individuals exchange and pool rights over resources in pursuit of individual and mutual gain. In his 1937 article The nature of the firm, Ronald Coase explained the existence and size of firms in terms of transaction costs. Neighbourhoods are important units of consumption and production and can, like firms, be explained by transaction costs. A theory of the neighbourhood is developed based on transaction costs, property rights and related ideas from the new institutional economics. A neighbourhood is defined as a nexus of contracts and four rules that govern neighbourhood evolution are specified. Normative aspects of the theory are illustrated by examining the organisational order in neighbourhoods, in particular, the pattern of residual claimants in the contracts that underpin neighbourhoods dynamics.
Persistent Identifierhttp://hdl.handle.net/10722/183441
ISSN
2015 Impact Factor: 1.934
2015 SCImago Journal Rankings: 1.567
References

 

DC FieldValueLanguage
dc.contributor.authorWebster, Cen_US
dc.date.accessioned2013-05-27T08:38:07Z-
dc.date.available2013-05-27T08:38:07Z-
dc.date.issued2003en_US
dc.identifier.citationUrban Studies, 2003, v. 40 n. 13, p. 2591-2612en_US
dc.identifier.issn0042-0980en_US
dc.identifier.urihttp://hdl.handle.net/10722/183441-
dc.description.abstractThis paper considers the order that emerges in cities as individuals exchange and pool rights over resources in pursuit of individual and mutual gain. In his 1937 article The nature of the firm, Ronald Coase explained the existence and size of firms in terms of transaction costs. Neighbourhoods are important units of consumption and production and can, like firms, be explained by transaction costs. A theory of the neighbourhood is developed based on transaction costs, property rights and related ideas from the new institutional economics. A neighbourhood is defined as a nexus of contracts and four rules that govern neighbourhood evolution are specified. Normative aspects of the theory are illustrated by examining the organisational order in neighbourhoods, in particular, the pattern of residual claimants in the contracts that underpin neighbourhoods dynamics.en_US
dc.languageengen_US
dc.publisherSage Publications Ltd.. The Journal's web site is located at http://usj.sagepub.com/en_US
dc.relation.ispartofUrban Studiesen_US
dc.titleThe nature of the neighbourhooden_US
dc.typeArticleen_US
dc.identifier.emailWebster, C: cwebster@hku.hken_US
dc.identifier.authorityWebster, C=rp01747en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1080/0042098032000146803aaaen_US
dc.identifier.scopuseid_2-s2.0-0348165833en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0348165833&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume40en_US
dc.identifier.issue13en_US
dc.identifier.spage2591en_US
dc.identifier.epage2612en_US
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridWebster, C=7201838784en_US

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats