Economics of Gei Wai Shrimp Culture in Hong Kong: from Commercial Aquaculture to Bird Production

Lai, Lwc; Lam, Ken; Lorne, FT; Wong, Swee Kiong

doi:10.1002/9780470277850.ch12

Cited by 4 publications

(6 citation statements)

References 18 publications

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“…Land adjoining private land F. Small houses C. Swamps and mangroves (Lai et al 2006) G. Houses D. Sea (on boats and fish culture rafts (Lai, 1993) H. Ho Tung Gardens and can be seen from a distance from many places in the City of Victoria and Victoria Harbour. Interestingly, the building covenant required the design disposition and height of the land re-granted in 1957 to be approved by the Land Office.…”

Section: Crown Land/watermentioning

confidence: 99%

“…Mai Po and the mud flat habitats nearby have been designated an internationally significant wetland protected under the Ramsar Convention entered on behalf of Hong Kong by Britain. The Colonial Government entrusted the management of Mai Po to the Worldwide Fund for Nature (WWF), which has transformed it into a migratory bird viewing platform that is quite unrelated to the original intention for the site, which was purely for commercial shrimping (Lai, Lam, Lorne, & Wong, 2006).…”

Section: Type 5: the Enclosure Of Crown Land And The Destruction Of Nmentioning

confidence: 99%

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Squatting by the privileged? A Hong Kong study on the innovations and ambiguity of property rights of irregular development

Lai

2015

Habitat International

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Section: Crown Land/watermentioning

confidence: 99%

Section: Type 5: the Enclosure Of Crown Land And The Destruction Of Nmentioning

confidence: 99%

Squatting by the privileged? A Hong Kong study on the innovations and ambiguity of property rights of irregular development

Lai

2015

Habitat International

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“…Only existing or known forms of property ( or rights to them ) are transacted as variable inputs, according to an existing set of rights, legal and social, as parameters. Above all, the Coasian vision is limited to the internalization of externalities and does not consider transforming negative externalities into positive ones as a means to attain sustainable development in the sense of conversion of negative externalities into positive ones, as defined by Yu et al (2000) and followed up on by Lai and Yu (2004), Lai and Lorne (2006), and Lai et al (2006).…”

Section: Coasian Bargainingmentioning

confidence: 99%

Creation of property rights in planning by contract and edict: Beyond “Coasian bargaining” in private planning

2016

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This article advances the proposition that the creation of property rights, whether by contractupon-negotiation or edict, is far more significant than what has been described as "Coasian bargaining" in effecting sustainable development. By "creation" we intend the neo-institutional economist's sense of establishing a degree of exclusive property rights for common property or devising new contractual arrangements in which private property rights are entrenched. This is sometimes mistakenly confused with the assignment of property rights. "Sustainable development" is understood as the transformation of negative into positive externalities or a state of the tragedy of the commons into a vibrant resource nourishing industry. Two real-world cases involving government planning are used to illustrate this proposition. KeywordsCoasian bargaining, creation of property rights, open access resource, planning by contract, planning by edict Well-defined property rights and rule of law are all that is necessary to protect the environment from "tragedy of the commons" outcomes … government regulation to achieve environmental objectives typically does worse than private property rights and free markets. To begin with, regulators typically will not have access to the information generated by and available to

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“…Last, it does not address how existing technologies can be combined, further modified, and developed into an institutional environment for continuous experiments and improvements" (Lai and Lorne, 2003b, p. vii). This growing interest in the relevance of institutional arrangements to sustainable development is shared by planning and urban management researchers (Alexander, 1992(Alexander, , 2001Batty, 2003;Lai, 1994Lai, , 1997Lai, , 2006Lai and Chan, 2004;Webster and Lai, 2003), who are attracted by institutional economics developed from the ideas of Coase's transaction costs (Coase, 1960).…”

Section: The New Focus On Institutional Arrangements In Sustainable Dmentioning

confidence: 99%

“…But we could also say that they "privatised" the environment of a public street, converting negative externalities, which in this case is hot air discharged by the air-conditioners, into positive externalities, which would be an air-conditioned walkway, by joint investment in a canopy structure. An even more interesting example is the transformation of the artificial gei wais (inter-tidal brackish shrimp ponds) in the Mai Po Marshes in the New Territories from a commercial gei wai shrimp production base to an international bird viewing platform (Lai et al, 2006). The gei wais were created out of an indigenous mangrove wetland site during the Japanese occupation of colonial Hong Kong during the Second World War.…”

Section: Private Property Rightsmentioning

confidence: 99%

Private property rights, culture, property management and sustainable development

Lai

2006

Property Management

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Article information:To cite this document: Lawrence Wai-chung Lai, (2006),"Private property rights, culture, property management and sustainable development", Property Management, Vol. 24 Iss 2 pp. 71 -86 Permanent link to this document: http://dx.If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -The purpose of this paper is to theorise on the nature of property management broadly understood as resource management and demonstrate the actual and potential contribution of innovative property management to sustainable development. Design/methodology/approach -The approach is analytical and backed by real life examples, using concepts of property rights informed by Coasian neo-institutional economics and Yu's ideas on the Schumpeterian process in innovation.Findings -There is a fast spread of gated communities in the Pearl River Delta and some private shopping centres provide public facilities and entertainment as a public relation method.Research limitations/implications -The transformation of negative externalities into positive ones is the crux to achieve win-win solutions to property management for sustainable development. Practical implications -A good property manager does not simply perform the role of a passive housekeeper or management fee collector. S/he is, above all, an innovator who applies updated technology and concepts with great sensitivity to the externalities generated by or affecting the resource s/he manages. Originality/value -This is the first paper that defines for property management a research agenda anchored in Coasian economics and demonstrate the actual and potential contribution of property management.

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Economics of Gei Wai Shrimp Culture in Hong Kong: from Commercial Aquaculture to Bird Production

Cited by 4 publications

References 18 publications

Squatting by the privileged? A Hong Kong study on the innovations and ambiguity of property rights of irregular development

Squatting by the privileged? A Hong Kong study on the innovations and ambiguity of property rights of irregular development

Creation of property rights in planning by contract and edict: Beyond “Coasian bargaining” in private planning

Private property rights, culture, property management and sustainable development

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