The Land Use Planning System: Evaluating Options for Reform

Name: The Land Use Planning System: Evaluating Options for Reform
Brand: Institute of Economic Affairs
SKU: 9780255365505
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ISBN13: 9780255365505
Binding: Hardcover
Subject: N/A
Publisher: Institute of Economic Affairs
Publisher Imprint: Institute of Economic Affairs
Publication Date: February 20, 2004
Pages: 96
Original Price: GBP 10.0
Language: English
Edition: N/A
Item Weight: 174 grams
BISAC Subject(s): Economics / General

About The Book

The existing system of land use planning in the UK dates back to the 1947 Town and Country Planning Act and is therefore now well over half a century old. However, there have been indications that government is beginning to take seriously the case for radical reform. This Hobart Paper examines some of the government's proposals against economic evaluation criteria. The principal deficiencies are found to be that the proposals do not properly address important topics such as the internalisation of environmental externalities or land betterment taxation. The author discusses various options for change to the land use planning system primarily designed to introduce voluntary trading and the privatisation of development decisions. He argues that these options, and also market-based instruments such as tradable development rights, have the capacity to achieve a greater degree of allocative efficiency and to take some of the political heat out of the land use planning process.

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