The Commission of Inquiry into Land Tenures

Ross Parish
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Ross Parish: Monash University. Much of this article was originally embodied in a report written for Cambridge Credit Corporation, submitted to the Commission. I am indebted to M. Weisser, C. Gannon, C. Richardson and referees for helpful comments. The views expressed are my own, and are not necessarily shared by any of the abovementioned.

Australian Journal of Management, 1977, vol. 2, issue 1, 35-52

Abstract: The Commission of Inquiry into Land Tenures has proposed that the Crown should displace much of the private sector's role in land development, and that the Crown should reap many of the gains from changes in land use. If implemented, these proposals would create an administrative bureaucracy, which would need to make arbitrary imposts upon individuals, which would have an incentive to act as a monopolist contrary to the public interest, which would require considerable legislative or judicial rule-making in order to estimate different components of land value, and which would effectively remove private incentive to use land efficiently. It is difficult to understand why land is singled out for such special treatment.

Keywords: BUREAUCRACY; EFFICIENCY; EQUITY; INCENTIVES; LAND TENURE; PROPERTY RIGHTS; TAXATION; UNEARNED INCOME (search for similar items in EconPapers)
Date: 1977
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:2:y:1977:i:1:p:35-52

DOI: 10.1177/031289627700200103

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