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Institutional Economics and Policies for Changing Land Markets: The Case of Industrial Estates in the Netherlands

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  • Barrie Needham
  • Erik Louw

Abstract

Public policies for land use include many rules and regulations. Changing those policies usually means changing rules. Institutional economics studies the effects of rules on economic behaviour and how of those rules change under economic forces. Therefore, economic theories of institutional change can be applied when designing new policies for land markets. This theoretical framework is applied to the policy followed in the Netherlands for industrial estates. This policy has been stable for approximately 60 years and shows little signs of change, even though some of its effects are not what the policy makers want. That continuity in the face of policy contradictions is explained here by economic theories of institutional change. They are applied here also to find practicable ways of changing the policy for industrial estates.

Suggested Citation

  • Barrie Needham & Erik Louw, 2006. "Institutional Economics and Policies for Changing Land Markets: The Case of Industrial Estates in the Netherlands," Journal of Property Research, Taylor & Francis Journals, vol. 23(1), pages 75-90, March.
    • Handle: RePEc:taf:jpropr:v:23:y:2006:i:1:p:75-90
    DOI: 10.1080/09599910600748675
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    Cited by:

    1. Hu, Yingjie & Lu, Bin & Wu, Jiayu, 2019. "Value capture in industrial land renewal under the public leasehold system: A policy comparison in China," Land Use Policy, Elsevier, vol. 84(C), pages 59-69.
    2. Francois Viruly, 2009. "The Transformation of the South African Built Environment – An Institutional Approach LARES 2009, São Paulo, Brazil," LARES lares2009_295-rv, Latin American Real Estate Society (LARES).
    3. Natacha Aveline-Dubach, 2014. "New Patterns of Property Investment in " Post-Bubble " Tokyo [Les nouvelles formes de l'investissement immobilier dans l'après-bulle à Tokyo]," Post-Print halshs-01242564, HAL.
    4. Le, Minh Khue & Zhu, Jieming & Nguyen, Hoang Linh, 2022. "Land redevelopment under ambiguous property rights in transitional Vietnam: A case of spatial transformation in Hanoi city center," Land Use Policy, Elsevier, vol. 120(C).
    5. Or Levkovich & Jan Rouwendal, 2016. "Spatial Planning and Segmentation of the Land Market," Tinbergen Institute Discussion Papers 16-018/VIII, Tinbergen Institute.
    6. Simon C. Y. Chen, 2011. "Common Interest Development and the Changing Roles of Government and Market in Planning," Urban Studies, Urban Studies Journal Limited, vol. 48(16), pages 3599-3612, December.
    7. ., 2014. "Planning: reforms that might work and ones that won't," Chapters, in: Urban Economics and Urban Policy, chapter 6, pages 127-154, Edward Elgar Publishing.
    8. ., 2014. "Planning and economic performance," Chapters, in: Urban Economics and Urban Policy, chapter 5, pages 104-126, Edward Elgar Publishing.
    9. Lee, Jongpyo & Jung, Sanghoon, 2020. "Industrial land use planning and the growth of knowledge industry: Location pattern of knowledge-intensive services and their determinants in the Seoul metropolitan area," Land Use Policy, Elsevier, vol. 95(C).

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