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Development Rights Markets to Manage Urban Plans in Italy

Author

Listed:
  • Ezio Micelli

    (Department of Urban Planning, Santa Croce 1957, 30135 Venice, Italy, micelli@iuav.it)

Abstract

Urban economists and planners have been debating the possibility of using innovative methods and tools in managing urban plans to increase their effectiveness. According to many theoretical contributions, a major step would lie in shifting from the use of authoritative tools towards market-based ones. The institution of a development rights market in order to implement urban plans represents a major attempt to transfer into the practical urban government such a theoretical perspective. Several significant elements emerge from an analysis of the major case studies of development rights markets in Italy. First, markets for development rights do not replace the command-and-control tools traditionally used in planning. In reality, the success of the new markets seems to depend significantly on their integration with the latter. Furthermore, markets for development rights have not proved to be automatic devices led by an invisible hand: the visible hands of the administrations take steps to establish market rules and to promote them, reducing transaction costs as much as possible.

Suggested Citation

  • Ezio Micelli, 2002. "Development Rights Markets to Manage Urban Plans in Italy," Urban Studies, Urban Studies Journal Limited, vol. 39(1), pages 141-154, January.
    • Handle: RePEc:sae:urbstu:v:39:y:2002:i:1:p:141-154
    DOI: 10.1080/00420980220099122
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    References listed on IDEAS

    as
    1. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    2. Sylviane Gastaldo, 1992. "Les "droits à polluer" aux États-Unis," Économie et Statistique, Programme National Persée, vol. 258(1), pages 35-41.
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    Citations

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    Cited by:

    1. Till Proeger & Lukas Meub & Kilian Bizer, 2018. "Laboratory Experiments of Tradable Development Rights: A Synthesis of Different Treatments," Sustainability, MDPI, vol. 10(6), pages 1-19, June.
    2. Sara Verones, 2015. "Riqualificare energeticamente la citt? oltre i premi volumetrici," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2015(2), pages 69-87.
    3. Antonio Tavares, 2003. "Can the Market Be Used to Preserve Land? The Case for Transfer of Development Rights," ERSA conference papers ersa03p292, European Regional Science Association.
    4. Bonifazi, Alessandro & Rega, Carlo & Torre, Carmelo Maria, 2008. "Evaluation and the environmental democracy of cities: Strategic Environmental Assessment of urban plans in Italy," MPRA Paper 11055, University Library of Munich, Germany.
    5. Ezio Micelli, 2014. "Cinque problemi intorno a perequazione, diritti edificatori e piani urbanistici," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(2), pages 9-27.
    6. Shahab, Sina & Clinch, J. Peter & O'Neill, Eoin, 2019. "An Analysis of the Factors Influencing Transaction Costs in Transferable Development Rights Programmes," Ecological Economics, Elsevier, vol. 156(C), pages 409-419.

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