IDEAS home Printed from https://ideas.repec.org/a/taf/eurpls/v19y2010i12p2127-2146.html
   My bibliography  Save this article

Industrial Land and Property Markets: Market Processes, Market Institutions and Market Outcomes: The Dutch Case

Author

Listed:
  • Erwin Van Der Krabben
  • Edwin Buitelaar

Abstract

Outcomes of land and property markets may be understood by studying the effects of (interventions in) market processes and market institutions. Many studies have paid attention to the meaning of institutions for land and property development processes. The standpoint of this paper is that changes in the institutional order of the market may be considered to arrive at more desirable market outcomes. It will be argued that institutional economic theory offers a valuable theoretical approach to bring forward possible interventions in this institutional order. This theoretical approach to land and property development processes is applied to analyse one specific market outcome, the spatial layout of industrial parks in the Netherlands. Starting from the analysis of the oversupply of industrial land and the deterioration of existing industrial parks, the paper focuses on possible interventions to change the institutional order that should lead to more favourable market outcomes. For the present submarket for industrial land (building plots), a number of interventions are discussed to internalize the externalities that occur in this market and to increase the number of suppliers. Additional interventions are proposed to create a “new” submarket for new leasehold industrial property , which is almost absent in the case of industrial estates.

Suggested Citation

  • Erwin Van Der Krabben & Edwin Buitelaar, 2010. "Industrial Land and Property Markets: Market Processes, Market Institutions and Market Outcomes: The Dutch Case," European Planning Studies, Taylor & Francis Journals, vol. 19(12), pages 2127-2146, September.
    • Handle: RePEc:taf:eurpls:v:19:y:2010:i:12:p:2127-2146
    DOI: 10.1080/09654313.2011.633822
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09654313.2011.633822
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09654313.2011.633822?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Barzel,Yoram, 1997. "Economic Analysis of Property Rights," Cambridge Books, Cambridge University Press, number 9780521597135, 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. Kirsten Foss & Nicolai Foss, 2001. "Theoretical isolation in contract theory: suppressing margins and entrepreneurship," Journal of Economic Methodology, Taylor & Francis Journals, vol. 7(3), pages 313-339.
    2. Thomas Vendryes, 2014. "Peasants Against Private Property Rights: A Review Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 28(5), pages 971-995, December.
    3. Byron B. Carson, 2022. "Individuals and Externalities in Economic Epidemiology: A Tension and Synthesis," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 37(Fall 2022), pages 1-24.
    4. Samuel Garrido, 2010. "Mejorar y quedarse. La cesión de tierra a rentas por debajo del equilibrio en la Valencia del siglo XIX," Documentos de Trabajo de la Sociedad de Estudios de Historia Agraria 1009, Sociedad de Estudios de Historia Agraria.
    5. Ghebru, Hosaena, 2015. "Is There a Merit to the Continuum Tenure Approach? A Case of Demand for Land Rights Formulation in Rural Mozambique," 2015 Conference, August 9-14, 2015, Milan, Italy 211683, International Association of Agricultural Economists.
    6. Nicolai J. Foss, 2002. "The Strategy and Transaction Cost Nexus Past Debates, Central Questions, and Future Research Possibilities," DRUID Working Papers 02-04, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    7. Vranken, Liesbet & Macours, Karen & Noev, Nivelin & Swinnen, Johan F.M., 2007. "Property Rights Imperfections, Asset Allocation, and Welfare: Co-Ownership in Bulgaria," 104th Seminar, September 5-8, 2007, Budapest, Hungary 7795, European Association of Agricultural Economists.
    8. Wang Ning, 2018. "Law and the Economy: An Introduction to Coasian Law and Economics," Man and the Economy, De Gruyter, vol. 5(2), pages 1-13, December.
    9. Diao, Xinshen & Kennedy, Adam & Badiane, Ousmane & Cossar, Frances & Dorosh, Paul & Ecker, Olivier & Hagos, Hosaena Ghebru & Headey, Derek & Mabiso, Athur & Makombe, Tsitsi & Malek, Mehrab & Schmidt, , 2013. "Evidence on key policies for African agricultural growth:," IFPRI discussion papers 1242, International Food Policy Research Institute (IFPRI).
    10. Miranda, Bruno Varella & de Oliveira, Gustavo Magalhães, 2023. "Assessing the performance of voluntary environmental agreements under high monitoring costs: Evidence from the Brazilian Amazon," Ecological Economics, Elsevier, vol. 214(C).
    11. Claude Ménard & Mary M. Shirley, 2010. "The Contribution of Douglass North to New Institutional Economics," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00654327, HAL.
    12. Mehrdad Vahabi, 2011. "Appropriation, violent enforcement, and transaction costs: a critical survey," Public Choice, Springer, vol. 147(1), pages 227-253, April.
    13. Richard J. Arend, 2020. "Getting Nothing from Something: Unfulfilled Promises of Current Dominant Approaches to Entrepreneurial Decision-Making," Administrative Sciences, MDPI, vol. 10(3), pages 1-22, August.
    14. Hazem Alshaikhmubarak & R. Richard Geddes & Shoshana A. Grossbard, 2019. "Single Motherhood and the Abolition of Coverture in the United States," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 16(1), pages 94-118, March.
    15. Clay, Karen & Wright, Gavin, 2005. "Order without law? Property rights during the California gold rush," Explorations in Economic History, Elsevier, vol. 42(2), pages 155-183, April.
    16. Gerald Friedman, "undated". "The Sanctity of Property Rights in American History," Working Papers wp14, Political Economy Research Institute, University of Massachusetts at Amherst.
    17. Finkle, Aaron, 2005. "Relying on information acquired by a principal," International Journal of Industrial Organization, Elsevier, vol. 23(3-4), pages 263-278, April.
    18. Kirsten Foss & Nicolai J. Foss & Peter G. Klein & Sandra K. Klein, 2007. "The Entrepreneurial Organization of Heterogeneous Capital," Journal of Management Studies, Wiley Blackwell, vol. 44(7), pages 1165-1186, November.
    19. Benito Arruñada & Giorgio Zanarone & Nuno Garoupa, 2019. "Property Rights in Sequential Exchange," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 35(1), pages 127-153.
    20. Kemal, M Ali, 2007. "Property Rights and Corruption," MPRA Paper 55709, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    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:taf:eurpls:v:19:y:2010:i:12:p:2127-2146. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CEPS20 .

    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.