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Planning By Freehold

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  • Fred Foldvary

Abstract

Government planning of urban development is inefficient as it is controlled by political processes rather than conducted on behalf of the people it is intended to benefit. Certain forms of property rights such as divisions of freehold and leasehold can, and in practice do, lead to much more effective use of resources and provision of shared services as the owners of the freehold have an incentive to maximise site values and rents.

Suggested Citation

  • Fred Foldvary, 2005. "Planning By Freehold," Economic Affairs, Wiley Blackwell, vol. 25(4), pages 11-15, December.
    • Handle: RePEc:bla:ecaffa:v:25:y:2005:i:4:p:11-15
    DOI: 10.1111/j.1468-0270.2005.00582.x
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    References listed on IDEAS

    as
    1. Fred E. Foldvary, 2005. "Geo-Rent: A Plea to Public Economists," Econ Journal Watch, Econ Journal Watch, vol. 2(1), pages 106-132, April.
    2. Buchanan, James M. & Goetz, Charles J., 1972. "Efficiency limits of fiscal mobility: An assessment of the tiebout model," Journal of Public Economics, Elsevier, vol. 1(1), pages 25-43, April.
    3. Shoup, Donald C, 2003. "Buying Time at the Curb," University of California Transportation Center, Working Papers qt2wz7401k, University of California Transportation Center.
    4. repec:ucp:bkecon:9781884829987 is not listed on IDEAS
    5. Fred E. Foldvary, 1994. "Public Goods And Private Communities," Books, Edward Elgar Publishing, number 167.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Fred E. Foldvary, 2014. "Governance by voluntary association," Chapters, in: David Emanuel Andersson & Stefano Moroni (ed.), Cities and Private Planning, chapter 4, pages 66-92, Edward Elgar Publishing.
    2. Pythagoras Petratos, 2015. "Infrastructure and Financial Innovation," Economic Affairs, Wiley Blackwell, vol. 35(3), pages 471-478, October.
    3. Simon C. Y. Chen, 2011. "Common Interest Development and the Changing Roles of Government and Market in Planning," Urban Studies, Urban Studies Journal Limited, vol. 48(16), pages 3599-3612, December.
    4. Fred E. Foldvary, 2011. "Contract, Voice and Rent: Voluntary Urban Planning," Chapters, in: David Emanuel Andersson & Åke E. Andersson & Charlotta Mellander (ed.), Handbook of Creative Cities, chapter 25, Edward Elgar Publishing.
    5. Lawrence W C Lai & Connie W Y Hung, 2008. "The Inner Logic of the Coase Theorem and a Coasian Planning Research Agenda," Environment and Planning B, , vol. 35(2), pages 207-226, April.

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