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Article: A Neo-institutional Economic Analysis of Revising Informal and Formal Proprietary Boundaries

TitleA Neo-institutional Economic Analysis of Revising Informal and Formal Proprietary Boundaries
Authors
KeywordsLot boundaries
transaction costs
land readjustment
transfer of development rights
carbon trading
Issue Date2021
PublisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/1523908x.asp
Citation
Journal of Environmental Policy and Planning, 2021, v. 23 n. 4, p. 414-431 How to Cite?
AbstractThis paper follows up six propositions in recent works that considered lot boundaries as units of private planning in a state prepared/endorsed layout and interprets land readjustment as a coordinated way to revise that layout. From a neo-institutional economics perspective, it canvasses the difficulties in and coordinated solutions to revising formal and informal proprietary boundaries and the ways the constraints posed by lot boundaries for planning can be overcome. The discussion is anchored by the thesis of the ‘corollary of the Coase Theorem’ that positive transaction costs entail differences in land use efficiency due to differences and changes in the forms of layouts as well as the need for a Coasian firm (coordinated) solutions in boundary revision.
Persistent Identifierhttp://hdl.handle.net/10722/306519
ISSN
2020 Impact Factor: 3.933
2020 SCImago Journal Rankings: 1.255

 

DC FieldValueLanguage
dc.contributor.authorLai, LWC-
dc.contributor.authorDavies, SNG-
dc.contributor.authorLorne, FT-
dc.contributor.authorChau, KW-
dc.contributor.authorChoy, LHT-
dc.date.accessioned2021-10-22T07:35:46Z-
dc.date.available2021-10-22T07:35:46Z-
dc.date.issued2021-
dc.identifier.citationJournal of Environmental Policy and Planning, 2021, v. 23 n. 4, p. 414-431-
dc.identifier.issn1523-908X-
dc.identifier.urihttp://hdl.handle.net/10722/306519-
dc.description.abstractThis paper follows up six propositions in recent works that considered lot boundaries as units of private planning in a state prepared/endorsed layout and interprets land readjustment as a coordinated way to revise that layout. From a neo-institutional economics perspective, it canvasses the difficulties in and coordinated solutions to revising formal and informal proprietary boundaries and the ways the constraints posed by lot boundaries for planning can be overcome. The discussion is anchored by the thesis of the ‘corollary of the Coase Theorem’ that positive transaction costs entail differences in land use efficiency due to differences and changes in the forms of layouts as well as the need for a Coasian firm (coordinated) solutions in boundary revision.-
dc.languageeng-
dc.publisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/1523908x.asp-
dc.relation.ispartofJournal of Environmental Policy and Planning-
dc.rightsThis is an Accepted Manuscript of an article published by Taylor & Francis in [JOURNAL TITLE] on [date of publication], available online: http://www.tandfonline.com/[Article DOI].-
dc.subjectLot boundaries-
dc.subjecttransaction costs-
dc.subjectland readjustment-
dc.subjecttransfer of development rights-
dc.subjectcarbon trading-
dc.titleA Neo-institutional Economic Analysis of Revising Informal and Formal Proprietary Boundaries-
dc.typeArticle-
dc.identifier.emailLai, LWC: wclai@hku.hk-
dc.identifier.emailDavies, SNG: daiwaisi@hku.hk-
dc.identifier.emailChau, KW: hrrbckw@hku.hk-
dc.identifier.emailChoy, LHT: lennonchoy@hku.hk-
dc.identifier.authorityLai, LWC=rp01004-
dc.identifier.authorityChau, KW=rp00993-
dc.identifier.authorityChoy, LHT=rp02078-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1080/1523908X.2020.1856055-
dc.identifier.scopuseid_2-s2.0-85097418288-
dc.identifier.hkuros329186-
dc.identifier.volume23-
dc.identifier.issue4-
dc.identifier.spage414-
dc.identifier.epage431-
dc.publisher.placeUnited Kingdom-

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