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Article: The inner logic of the Coase Theorem and a Coasian planning research agenda

TitleThe inner logic of the Coase Theorem and a Coasian planning research agenda
Authors
KeywordsLandscape planning
Planning theory
Policy analysis
Theoretical study
Issue Date2008
PublisherPion Ltd.. The Journal's web site is located at http://www.envplan.com/B.html
Citation
Environment And Planning B: Planning And Design, 2008, v. 35 n. 2, p. 207-226 How to Cite?
AbstractThis paper is an original attempt to explore the inner logic of and apply the Coase Theorem - specifically the corollary of the invariant version of the Coase Theorem (CIT) and the extension of the corollary of the optimality version of the Coase Theorem (COTE) - to empirical planning research. This attempt hinges critically upon seven theoretical propositions developed on the basis of seven law and policy relevant determining variables that are manifestations of ways of 'assignment of rights and liabilities' for the application of CIT (COTE). This is preceded by an examination of the meaning of seven allocative outcomes or determined variables pertaining to the theorem component 'resource allocation would (under CIT not) be identical'. A 7 × 7 matrix (with forty-nine cells, each defining a specific research arena) is constructed, and relevant literature is surveyed to map the landscape of Coasian planning research as a step to building a transaction-cost-based research agenda. An example of empirically refutable planning hypotheses is given to demonstrate the usefulness of the propositions and to obtain a glimpse of the applicability of the agenda.
Persistent Identifierhttp://hdl.handle.net/10722/81917
ISSN
2015 Impact Factor: 1.195
2015 SCImago Journal Rankings: 0.582
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorLai, LWCen_HK
dc.contributor.authorHung, CWYen_HK
dc.date.accessioned2010-09-06T08:23:25Z-
dc.date.available2010-09-06T08:23:25Z-
dc.date.issued2008en_HK
dc.identifier.citationEnvironment And Planning B: Planning And Design, 2008, v. 35 n. 2, p. 207-226en_HK
dc.identifier.issn0265-8135en_HK
dc.identifier.urihttp://hdl.handle.net/10722/81917-
dc.description.abstractThis paper is an original attempt to explore the inner logic of and apply the Coase Theorem - specifically the corollary of the invariant version of the Coase Theorem (CIT) and the extension of the corollary of the optimality version of the Coase Theorem (COTE) - to empirical planning research. This attempt hinges critically upon seven theoretical propositions developed on the basis of seven law and policy relevant determining variables that are manifestations of ways of 'assignment of rights and liabilities' for the application of CIT (COTE). This is preceded by an examination of the meaning of seven allocative outcomes or determined variables pertaining to the theorem component 'resource allocation would (under CIT not) be identical'. A 7 × 7 matrix (with forty-nine cells, each defining a specific research arena) is constructed, and relevant literature is surveyed to map the landscape of Coasian planning research as a step to building a transaction-cost-based research agenda. An example of empirically refutable planning hypotheses is given to demonstrate the usefulness of the propositions and to obtain a glimpse of the applicability of the agenda.en_HK
dc.languageengen_HK
dc.publisherPion Ltd.. The Journal's web site is located at http://www.envplan.com/B.htmlen_HK
dc.relation.ispartofEnvironment and Planning B: Planning and Designen_HK
dc.subjectLandscape planning-
dc.subjectPlanning theory-
dc.subjectPolicy analysis-
dc.subjectTheoretical study-
dc.titleThe inner logic of the Coase Theorem and a Coasian planning research agendaen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0265-8135&volume=35&issue=2&spage=207&epage=226 &date=2008&atitle=The+inner+logic+of+the+Coase+Theorem+and+a+Coasian+planning+research+agendaen_HK
dc.identifier.emailLai, LWC:wclai@hku.hken_HK
dc.identifier.authorityLai, LWC=rp01004en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1068/b33057en_HK
dc.identifier.scopuseid_2-s2.0-38149087678en_HK
dc.identifier.hkuros143051en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-38149087678&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume35en_HK
dc.identifier.issue2en_HK
dc.identifier.spage207en_HK
dc.identifier.epage226en_HK
dc.identifier.eissn1472-3417-
dc.identifier.isiWOS:000255620500003-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridLai, LWC=7202616218en_HK
dc.identifier.scopusauthoridHung, CWY=24076104600en_HK

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