Economic Issues in Programs of Transferable Development Rights

Abstract

JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. Board of Regents of the University of Wisconsin System, University of WisconsinPress are collaborating with JSTOR to digitize, preserve and extend access to Land Economics

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

“…About 20 articles have been written on the factors affecting TDR success (Aken et al, 2008;Bredin, 1998;Costonis, 1974;Coughlin & Keene, 1981;Danner, 1997;Field & Conrad, 1975;Fulton, Mazurek, Pruetz, & Williamson, 2004;Heeter, 1974;Johnston & Madison, 1997;Kaplowitz et al, 2008;Karanja & Rama, 2011;Machemer & Kaplowitz, 2002;McConnell & Walls, 2009;Pizor, 1986;Pruetz and Pruetz, 2007;Pruetz & Standridge, 2009;Roddewig & Inghram, 1987;Stinson, 1996;Strong, 1998;Tripp & Dudek, 1989), the findings of which can benefit the TDR projects in built heritage conservation in Hong Kong. The factors, such as viable receiving site (Fulton et al, 2004), background & market studies (Kaplowitz et al, 2008), market factors (Pruetz & Standridge, 2009), simplicity (Karanja & Rama, 2011), public participation (Fulton et al, 2004), third-party broker facilitation (Machemer & Kaplowitz, 2002), social equity (McConnell & Walls, 2009), and transaction costs (Bruening, 2007), can also be important to the success of built heritage conservation projects.…”

“…Another factor should be considered is the equitydwho bear the ultimate burden of preservation (Field & Conrad, 1975). Unbalanced supply and demand of TDRs result the different TDRs price, which create different surplus to sellers and developers.…”

Rights to Cleared Land and the Control of Dryland‐seepage Salinity*

“…Given that these rights are transferable, so that the efficiency criterion can be met, the issue here is largely one of equity. Field and Conrad (1975) have noted two approaches to allocating development rights to landowners. First, a certain number of rights could be assigned per unit or area regardless of the characteristics of the land.…”

“…Where the market was not likely to be well-organised and well-informed, a government agency could act as an intermediary (Field and Conrad 1975 market is uncertain, but would depend upon the quality of the land, the extent of the restriction and the proportion of land previously cleared. The opportunity for individuals to gain from such a scheme, as was the case in the example, would be limited, in that schemes are unlikely to be required in areas where there is little or no gain to be made from land clearance.…”

Planners’ experiences in managing growth using transferable development rights (TDR) in the United States

“…Many authors have addressed aspects of the development of TDR policy and programming in the United States (e.g., Machemer and Kaplowitz, 2002;Miller, 1999;Stevenson, 1998;Johnston and Madison, 1997;Levinson, 1997;Barrese, 1983;Field and Conrad, 1975;Wengert and Graham, 1974). However previously published literature is unclear on how widely TDR programs have been embraced or adopted by communities.…”