IDEAS home Printed from https://ideas.repec.org/a/sae/envirb/v41y2014i3p472-492.html
   My bibliography  Save this article

A Strategic Analysis of Urban Renewal in Taipei City Using Game Theory

Author

Listed:
  • Yu-Chih Lin

    (Department of Urban and Public Affairs, University of Louisville, 426 West Bloom Street, Louisville, KY 40208, USA)

  • Feng-Tyan Lin

    (Department of Urban Planning, National Cheng Kung University, No 1, University Road, Tainan City 701, Taiwan, ROC)

Abstract

One of the difficult tasks in urban renewal is land assembly because it requires consent from landowners. The major obstacle for negotiation comes from the fact that some landowners ask higher than market price for their land. The characteristics of landowners are classified into two types according to prospect theory. This study adopts game theory to analyze strategic interaction and negotiation processes between a developer and landowners in Taiwan. The aim of this study is to show the impact of the characteristics of landowners on the implementation of the project and the best strategy for developers to deal with the uncertainty of landowners' characteristics. We found that not only the characteristics of the landowners, but also the strategies adopted by a developer may hinder the implementation of an urban renewal plan.

Suggested Citation

  • Yu-Chih Lin & Feng-Tyan Lin, 2014. "A Strategic Analysis of Urban Renewal in Taipei City Using Game Theory," Environment and Planning B, , vol. 41(3), pages 472-492, June.
  • Handle: RePEc:sae:envirb:v:41:y:2014:i:3:p:472-492
    DOI: 10.1068/b37164
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/b37164
    Download Restriction: no

    File URL: https://libkey.io/10.1068/b37164?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Epstein, Richard A, 1993. "Holdouts, Externalities, and the Single Owner: One More Salute to Ronald Coase," Journal of Law and Economics, University of Chicago Press, vol. 36(1), pages 553-586, April.
    2. Arthur Huang & David Levinson, 2011. "Why Retailers Cluster: An Agent Model of Location Choice on Supply Chains," Environment and Planning B, , vol. 38(1), pages 82-94, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. David Levinson & Arthur Huang, 2012. "A Positive Theory of Network Connectivity," Environment and Planning B, , vol. 39(2), pages 308-325, April.
    2. Stavang, Endre, 1997. "Tolerance limits and temporal priority in environmental civil liability," International Review of Law and Economics, Elsevier, vol. 17(4), pages 553-574, December.
    3. Sean M. Collins & R. Mark Isaac, 2012. "Holdout: Existence, Information, and Contingent Contracting," Journal of Law and Economics, University of Chicago Press, vol. 55(4), pages 793-814.
    4. Bhaskar Vira, 2001. "Claiming Legitimacy: Analysing Conflict in the Environmental Policy Process," Environment and Planning C, , vol. 19(5), pages 637-650, October.
    5. Richard A. Epstein, 2021. "Rules and reasons, public and private on the use and limits of simple rules 25 years later," European Journal of Law and Economics, Springer, vol. 52(2), pages 363-380, December.
    6. Ben Fitzpatrick & Jason Martinez, 2012. "Agent-Based Modeling of Ecological Niche Theory and Assortative Drinking," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 15(2), pages 1-4.
    7. Arthur Huang & David Levinson, 2008. "An Agent-based Model of Retail Location with Complementary Goods," Working Papers 000056, University of Minnesota: Nexus Research Group.
    8. Charan K. Bagga & Neil Bendle & June Cotte, 2019. "Object valuation and non-ownership possession: how renting and borrowing impact willingness-to-pay," Journal of the Academy of Marketing Science, Springer, vol. 47(1), pages 97-117, January.
    9. Winn, Abel M. & McCarter, Matthew W., 2018. "Who's holding out? An experimental study of the benefits and burdens of eminent domain," Journal of Urban Economics, Elsevier, vol. 105(C), pages 176-185.
    10. Steven G. Medema, 2020. "The Coase Theorem at Sixty," Journal of Economic Literature, American Economic Association, vol. 58(4), pages 1045-1128, December.
    11. Jennis J. Biser, 2017. "Property Rights Versus Rent-Seeking Politics: A Public Choice Perspective," Journal for Economic Educators, Middle Tennessee State University, Business and Economic Research Center, vol. 17(2), pages 1-17, Fall.
    12. James Fain, 2023. "Should retail stores locate close to a rival?," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 18(1), pages 129-162, January.
    13. Luppi, Barbara & Parisi, Francesco & Pi, Daniel, 2016. "Double-edged torts," International Review of Law and Economics, Elsevier, vol. 46(C), pages 43-48.
    14. Portillo, Javier E., 2019. "Land-assembly and externalities: How do positive post-development externalities affect land aggregation outcomes?," Regional Science and Urban Economics, Elsevier, vol. 77(C), pages 104-124.
    15. Paul H. Rubin, 2014. "Emporiophobia (Fear of Markets): Cooperation or Competition?," Southern Economic Journal, John Wiley & Sons, vol. 80(4), pages 875-889, April.
    16. Robert T. Miller, 2021. "Insider trading and the public enforcement of private prohibitions: some complications in enforcing simple rules for a complex world," European Journal of Law and Economics, Springer, vol. 52(2), pages 307-322, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envirb:v:41:y:2014:i:3:p:472-492. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.