Developing a framework to appraise the critical success factors of transfer development rights (TDRs) for built heritage conservation

Chan, Edwin H.W.; Hou, Jun

doi:10.1016/j.habitatint.2014.10.018

Cited by 33 publications

(22 citation statements)

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“…The following provides a detailed analysis of transaction attributes in TDR combining the formal and informal system together to develop the theoretical framework. Most of the research concerning TDR programs are based on the practices of U.S. which has formal TDR (Bruening, 2008;Kaplowitz et al, 2008;Machemer & Kaplowitz, 2002;McConnell & Walls, 2009;Shahab et al, 2018aShahab et al, , 2018b, while only a limited number of studies have explored informal aspects of TDR (Chan & Hou, 2015;Chu & Uebegang, 2002;Hou & Chan, 2017). The major elements generating transaction costs in formal and informal TDR systems are similar; the differences are on the degree and the specific issues under each element.…”

Section: Transaction Attributes Framework For Analyzing Tdrmentioning

confidence: 99%

“…In TDR programs, the unused development rights of built heritage sites can be transferred from so-called sending areas to receiving areas, in a way that the heritage sites can be conserved without impeding the proposed development (Kaplowitz, Machemer, & Pruetz, 2008). Previous studies have explored the success factors of TDR programs from different perspectives (Chan & Hou, 2015;Johnston & Madison, 1997;Machemer & Kaplowitz, 2002;McConnell & Walls, 2009;Pruetz & Standridge, 2009). These factors include political acceptability, TDR leadership, public participation, market factors, transaction costs, and social equity.…”

Section: Introductionmentioning

confidence: 99%

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Implementation analysis of transfer of development rights for conserving privately owned built heritage in Hong Kong: A transactions costs perspective

Hou

Shahab

et al. 2019

Growth and Change

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Transfer of development rights (TDR) programs are introduced as an alternative institutional innovation to the traditional regulatory instruments for land development. They meet the demand for development and conservation while balancing the conflicts between public and private interests with minimal use of public funds. Most TDR literature is about nature conservation and there is little focus on the complicated process and diverse stakeholders’ interests of urban land use in dealing with built heritage conservation. Previous studies show that the success of TDR programs depends on various elements, especially policy design and implementation approaches. The design and implementation of TDR programs involves transaction costs that can reduce the efficiency and effectiveness of these programs. This paper aims at developing a framework for analyzing TDR programs. This proposed framework not only takes transactions costs into account, but also provides a basis for decision makers to decipher the process of informal TDR. Using Hong Kong as a case study, three TDR implementation modes are selected to examine how different informal institutional arrangements have resulted in specific transaction costs in practice and hindered TDR projects. Our findings, which are informed by transactions costs economics, provide practical insights in order to improving the efficiency and effectiveness of TDR programs, particularly in informal contexts.

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Section: Transaction Attributes Framework For Analyzing Tdrmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Implementation analysis of transfer of development rights for conserving privately owned built heritage in Hong Kong: A transactions costs perspective

Hou

Shahab

et al. 2019

Growth and Change

Self Cite

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“…Thus, it is essential to mandate low building capacity and a more advantageous financial bonus for the development of the sending areas. Many studies (Chan and Hou ) confirmed the TDR programmes as more effective when alternative developments ideas are implemented if no desirable natural and physical features – steep land, isolated position, lack of infrastructure – make the sending areas less suitable for building development. In this case the very nature of the sending areas can be construed as an important factor for TDR success.…”

Section: Why Are the Us Tdr Programmes Successful?mentioning

confidence: 99%

The transfer of development rights as a tool for the urban growth containment: A comparison between the United States and Italy

Colavitti

Serra

2018

Papers in Regional Science

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In recent years many countries all over the world adopted a variety of preservation tools and market‐oriented solutions to contain land consumption. Among these countries Italy slowly began to incorporate the principles of the free market into the urban planning programmes. The United States Transfer of development rights programmes (TDR) represent a reference point for a market‐based approach in the field of environmental preservation policies. In this paper we compared the criteria successfully adopted by the US TDR programmes to the specifications adopted by the municipal plans of three important Italian cities (Milan, Rome and Florence) and we discussed their efficacy to control the urban growth.

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“…While several studies have provided initial empirical results on universal success factors for TDR (e.g. Kaplowitz et al, 2008;Pruetz and Standridge, 2009;Tan and Beckman, 2010;Chan and Hou, 2015), the empirical evidence that can be utilized for providing generalizable policy advice remains limited (Bengston et al, 2004;Kopits et al, 2008). This is problematic as TDR are increasingly considered as a means of establishing sustainable land use policies in numerous developed nations, including the Netherlands (Janessen-Jansen, 2008), Italy (Micelli, 2003), Australia Choy, 2011), Switzerland (Mengini et al, 2015), China (Wang et al, 2009) and Germany (Henger and Bizer, 2010), where the current administration has decided to develop and test a nation-wide system of TDR (Coalition Treaty, 2013).…”

Section: Introductionmentioning

confidence: 99%

Tradable development rights under uncertainty: an experimental approach

Proeger

Meub

Bizer

2018

Journal of Environmental Economics and Policy

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract: Tradable development rights (TDR) are discussed as a mechanism to reduce land consumption while ensuring an efficient implementation of profitable building projects. We present a novel laboratory experiment on the feasibility of TDR and simulate the acquisition and trading of development rights. In particular, we investigate the effects of uncertainty in the revenues of land consumption projects. Overall, we find that TDR are reallocated as suggested by theory, although higher uncertainty has substantial detrimental effects on the distribution of land consumption projects and thus aggregate welfare. This enables us to formulate distinct policy implications for the design of TDR systems. Terms of use: Documents in EconStor may

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Developing a framework to appraise the critical success factors of transfer development rights (TDRs) for built heritage conservation

Cited by 33 publications

References 13 publications

Implementation analysis of transfer of development rights for conserving privately owned built heritage in Hong Kong: A transactions costs perspective

Implementation analysis of transfer of development rights for conserving privately owned built heritage in Hong Kong: A transactions costs perspective

The transfer of development rights as a tool for the urban growth containment: A comparison between the United States and Italy

Tradable development rights under uncertainty: an experimental approach

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