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A Transaction-cost Analysis of the Land Development Process

Author

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  • Edwin Buitelaar

    (Nijmegen School of Management, University of Nijmegen, Thomas van Aquinostraat 3, PO Box 9108, 6500 HK Nijmegen, The Netherlands, e.buitelaar@fw.ru)

Abstract

The production of our built environment involves many transaction costs. We want to avoid unnecessary transaction costs. Nevertheless, we hardly take account of transaction costs when considering different ways of organising the development process. The most important reason is probably the difficulty in identifying them. This paper shows why transaction costs are important and offers a method for identifying them. With this method, it is possible to compare the efficiency of different institutional arrangements.

Suggested Citation

  • Edwin Buitelaar, 2004. "A Transaction-cost Analysis of the Land Development Process," Urban Studies, Urban Studies Journal Limited, vol. 41(13), pages 2539-2553, December.
    • Handle: RePEc:sae:urbstu:v:41:y:2004:i:13:p:2539-2553
    DOI: 10.1080/0042098042000294556
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    References listed on IDEAS

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    Cited by:

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    2. Tianxiao Zhou & Rong Tan & Thomas Sedlin, 2018. "Planning Modes for Major Transportation Infrastructure Projects (MTIPs): Comparing China and Germany," Sustainability, MDPI, vol. 10(10), pages 1-23, September.
    3. Rongyu Wang & Rong Tan, 2018. "Rural Renewal of China in the Context of Rural-Urban Integration: Governance Fit and Performance Differences," Sustainability, MDPI, vol. 10(2), pages 1-22, February.
    4. Willems, Jannes J. & Busscher, Tim & Woltjer, Johan & Arts, Jos, 2018. "Co-creating value through renewing waterway networks: A transaction-cost perspective," Journal of Transport Geography, Elsevier, vol. 69(C), pages 26-35.
    5. Ke Fan & Edwin H. W. Chan & C. K. Chau, 2018. "Costs and Benefits of Implementing Green Building Economic Incentives: Case Study of a Gross Floor Area Concession Scheme in Hong Kong," Sustainability, MDPI, vol. 10(8), pages 1-19, August.
    6. Elena IONASCU & Marilena MIRONIUC & Ion ANGHEL, 2019. "Transparency of Real Estate Markets: Conceptual and Empirical Evidence," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 17(154), pages 306-306.
    7. Nantongo, Mary & Vatn, Arild, 2019. "Estimating Transaction Costs of REDD+," Ecological Economics, Elsevier, vol. 156(C), pages 1-11.

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