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Planning By Negotiation For Sustainable Development: A Tale Of Two Habitats

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  • Lawrence W. C. Lai
  • Frank T. Lorne

Abstract

In the December 2005 issue of Economic Affairs, a collection of authors considered alternative institutions for planning and managing urban affairs. Following up the idea of ‘planning by contract’, this paper reflects on the role of negotiation in securing gains from trade over contested local environmental resources. The idea of an obstructive classical planning game is contrasted with the concept of creative negotiation by reference to two case studies.

Suggested Citation

  • Lawrence W. C. Lai & Frank T. Lorne, 2006. "Planning By Negotiation For Sustainable Development: A Tale Of Two Habitats," Economic Affairs, Wiley Blackwell, vol. 26(1), pages 54-58, March.
  • Handle: RePEc:bla:ecaffa:v:26:y:2006:i:1:p:54-58
    DOI: 10.1111/j.1468-0270.2006.00614.x
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    References listed on IDEAS

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    1. Lawrence Wai-chung Lai, 2004. "Spontaneous Catallaxis in Urban & Rural Development Under Planning by Contract in a Small Open Economy: The Ideas of Hayek and Mises at Work in Town & Country Planning in Hong Kong," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 17(2_3), pages 155-186, June.
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    Cited by:

    1. Hojman, David E. & Hiscock, Julia, 2010. "Interpreting suboptimal business outcomes in light of the Coase Theorem: Lessons from Sidmouth International Festival," Tourism Management, Elsevier, vol. 31(2), pages 240-249.

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