Neo-Institutional Economics and Planning Theory

Abstract

The freedom of man under capitalism is the effect of competition. (Von Mises, 1996: 285

A neo-institutional economic critique of the system for allocating urban land and development rights in Nigeria

“…In addition, the property rights thesis recognises the contribution of the state in devising laws and regulations to stimulate private transactions and protecting private property through speeding up court processes (Lai, 2005;Pennington, 2001). Thus as a normative position emphasis should be on minimising the costs associated with transactions to define and enforce rights.…”

Customary land allocation, urbanization and land use planning in Ghana: Implications for food systems in the Wa Municipality

“…Land use planning in Ghana is based on discrete zoning, regulation and consensus, and the use of master plans (Afrane, 1993;Lai, 2005;Njoh, 2009). The study found out that the concept of land use planning in Ghana has its basis on a three-tier framework as illustrated in Fig.…”

Institutional Change in Land Planning: Two Cases from Galicia

“…Because land use planning is created to manage externalities (externalities are the raison d'être of land use planning tools such as zoning (Chung, 1994;Pogodzinski & Sass, 1990)), Lubell et al (2009) have predicted that land planning will become more restrictive as land becomes scarce, population increases and infrastructure becomes strained. Likewise, Lai (2005) has argued that the institutions that fail to reduce costs in the long run will be replaced by more efficient alternatives.…”