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Planning by Freehold

Fred E. Foldvary
Santa Clara University - Leavey School of Business - Economics Department



Economic Affairs, Vol. 25, No. 4, pp. 11-15, December 2005

Abstract:     
Government planning of urban development is inefficient as it is controlled by political processes rather than conducted on behalf of the people it is intended to benefit. Certain forms of property rights such as divisions of freehold and leasehold can, and in practice do, lead to much more effective use of resources and provision of shared services as the owners of the freehold have an incentive to maximise site values and rents.

Accepted Paper Series

Date posted: December 18, 2005 ; Last revised: June 29, 2009

Suggested Citation

Foldvary, Fred E., Planning by Freehold. Economic Affairs, Vol. 25, No. 4, pp. 11-15, December 2005. Available at SSRN: http://ssrn.com/abstract=857526 or doi:10.1111/j.1468-0270.2005.00582.x


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Fred E. Foldvary (Contact Author)
Santa Clara University - Leavey School of Business - Economics Department ( email )
500 El Camino Real
Santa Clara, CA 95053
United States
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