PLANNING THROUGH EXCLUSIVE DIALOGUE: BASIC LESSONS WE CAN LEARN FROM THE PRIVATE ESTATE

Spencer Heath MacCallum

Economic Affairs, 2005, vol. 25, issue 4, 36-39

Abstract: Empirical evidence suggests that private estates where land is managed as a multi‐tenant property by a single private company with a continuing interest in the value of that property tend to be better run than estates that are subdivided into multiple parcels of separately managed land with the commons managed via some form of political decision‐making. Public policy, particularly in the UK, has hindered the growth of successful multi‐tenant private estates.

Date: 2005
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