Property rights, planning, and markets
Subtitle: managing spontaneous cities
By: Chris Webster, Lawrence Wai-chung Lai
Contributors: Lai, Lawrence Wai-chung
Publisher: Edward Elgar Pub.; Edward Elgar
Published: 2003
Place of publication: Cheltenham, UK; Northhampton, MA
Language: eng
Number of pages: 249
Subjects: City planning; Markets; Right of property; Planning
Description: "Five kinds of urban order are examined, arising as co-operating individuals seek to reduce the costs of transacting with each other. These are organisational order (combinations of property rights), institutional order (rules and sanctions), proprietary order (fragmentation of property rights), spatial order and public domain order. Property Rights, Planning and Markets also offers an institutional interpretation of urban planning and management that challenges both the view that planning inevitably conflicts with freedom of contract and the view that its function is a means of correcting market failures."--BOOK JACKET.
Notes: Includes bibliographical references (p. 220-228) and index