This important new book tackles the ongoing debate between market and government in planning. By applying transaction cost economics to an evaluation of land use systems, the author provides a fresh angle and a useful contribution to a growing field of study for researchers in urban planning, public administration and land economics. The book explains the relevance of the cost of land use decisions to planning practice and analyses institutions and transaction costs. The author offers evidence from three systematic empirical studies with detailed analyses of the planning of Nijmegen - Holland being known for its plan-led development; Bristol - where the UK planning system is characterised by being development-led and discretionary; and Houston - generally regarded as the city with no planning at all.

This important new book tackles the ongoing debate between marketand government in planning. By applying transaction cost economicsto an evaluation of land use systems, the author provides a freshangle and a useful contribution to a growing field of study forresearchers in urban planning, public administration and landeconomics.The book explains the relevance of the cost of land usedecisions to planning practice and analyses institutions andtransaction costs. The author offers evidence from three systematicempirical studies with detailed analyses of the planning ofNijmegen - Holland being known for its plan-led development;Bristol - where the UK planning system is characterised by beingdevelopment-led and discretionary; and Houston - generally regardedas the city with no planning at all.

Preface .1 The Cost of Making Land Use Decisions .Introduction.Beyond the 'market versus the government'debates.The study of transaction costs in planning and propertyresearch.The relevance for planning practice.The structure of this book.References.2 Institutions and Transaction Costs .Economic approaches to institutionalism.Institutions and transaction costs in the (early) newinstitutional economics.Governance structures and property rights: building upon andrefining Coase's work.How do transaction costs emerge? Transaction dimensions andeconomic behaviour.Relationship between transaction costs and institutions.References.3 Operationalising Institutions and Transaction Costs.User rights regimes as particular governance structures.A transaction-cost analysis of the development process: amethodology.The empirical research.References.4 Nijmegen: The Quest for Control in CorporatistTradition .Dutch planning and property law.The Marialaan project: small but complex.Transaction-costs analysis of the Marialaan.References.5 Bristol: Planning In Uncertainty .English planning and property law.Wapping Wharf.Transaction-cost analysis of Wapping Wharf.References.6 Houston: Planning in the City That Does Not Plan? .Planning in the US: social conflict over property rights.Houston: no zoning, but not unregulated.Houston city planning in practice: Montebello.Transaction-cost analysis of Montebello.References.7 Comparing and Explaining Transaction Costs: Learning fromthe Cases .The user rights regimes compared.Transaction costs entangled in structures.References.8 Transaction Costs and the Institutional Context .The quest for control over development.Relationship between public and private sector.Attitudes towards transaction costs.Legal styles: Flexibility, certainty and accountability.References.9 Planning at What Cost? Conclusions and Discussion .Applying transaction cost theory to planning anddevelopment.Transaction costs as dead weight losses or means with apurpose?.References.Appendix A: Interviewees .Appendix B: People Working in Planning .Index