THE PUBLIC ASSIGNMENT OF DEVELOPMENT RIGHTS

Chris Webster

Economic Affairs, 2005, vol. 25, issue 4, 44-47

Abstract: Different planning systems allocate property rights differently between the state and private property owners. This article argues that the appropriate allocation of property rights between the state and private owners can only be discovered by a process of experimentation. The experience of the UK suggests that such a process can take time and may be hindered by the controlling tendencies of central government.

Date: 2005
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