A transaction-cost analysis of the land development process

Edwin Buitelaar

doi:10.1080/0042098042000294556

A transaction-cost analysis of the land development process

Edwin Buitelaar^*

^*Corresponding author for this work

Radboud University Nijmegen

Research output: Contribution to journal › Article › Academic › peer-review

Abstract

The production of our built environment involves many transaction costs. We want to avoid unnecessary transaction costs. Nevertheless, we hardly take account of transaction costs when considering different ways of organising the development process. The most important reason is probably the difficulty in identifying them. This paper shows why transaction costs are important and offers a method for identifying them. With this method, it is possible to compare the efficiency of different institutional arrangements.

Original language	English
Pages (from-to)	2539-2553
Number of pages	15
Journal	Urban Studies
Volume	41
Issue number	13
DOIs	https://doi.org/10.1080/0042098042000294556
Publication status	Published - Dec 2004
Externally published	Yes

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A transaction-cost analysis of the land development process

Abstract

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