Urban planning and economic development : a transaction-cost approach /

Samuel R. Staley

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Local Governance and Planning Urban Planning and Governance Urban Planning and Valuation

Abstract

This dissertation analyzes the role regulatory land-use planning plays in urban economic development.Successful property development depends on securing approval from public agencies through their authority to regulate land use through zoning.This creates a bargaining environment in which developers negotiate with planning staff, planning boards, and citizen groups over the nature, scope and design of projects.The development approval process incurs transaction costs for developing land, and differences in transaction costs among local jurisdictions may influence the pace, pattern and intensity of development within communities.

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