This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Citation Map Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Add to Saved Citations Download to citation manager Reprints and Permissions Add to My Marked Citations Citing Articles Citing Articles via HighWire Citing Articles via Google Scholar Google Scholar Articles by Dawkins, C. J. Search for Related Content Social Bookmarking                   What's this?

Transaction Costs and the Land Use Planning Process

Georgia Institute of Technology

Urban scholars have recently begun to employ transaction costs as a heuristic device to understand the land use planning process. This emphasis on transaction costs can be traced to Ronald H. Coase’s "The Problem of Social Cost," an article that calls into question the traditional market failure justification for public policy intervention. This article reviews the normative debate surrounding the Coase Theorem and the effects of this debate on positive analyses of the land use planning process. An emphasis on the transaction costs of public policy intervention provides a useful framework for understanding the private demand for land use plans, the organizational dimension of land use plan implementation, and the impact of alternate land use planning systems on the land development decisions of private landowners.

CiteULike    Connotea    Del.icio.us    Digg    Reddit    Technorati    What's this?

This article has been cited by other articles:

				L. W.-C. Lai Neo-Institutional Economics and Planning Theory Planning Theory, March 1, 2005; 4(1): 7 - 19. [PDF]