New Lincoln Institute Book - Analyzing Land Readjustment: Economics, Law and Collective Action (Land Lines Article)

Author(s): Hong, Yu-Hung and Barrie Needham
Publication Date: April 2007

1 pages; Inventory ID LLA070406; English

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Article

Great effort has been devoted to the precise delineation and assignment of the legal and physical boundaries of private property. Yet, issues of unifying or assembling private property rights for urban redevelopment remain understudied. The contributors to this book search for viable alternatives to voluntary exchange or public intervention in the form of expropriation, and propose one possibility: land readjustment. The authors explore the international possibilities for facilitating cooperative land readjustment and the circumstances under which this should be possible. The book is divided into sections that focus on international legal issues, social and cultural issues, and new experiments with urban renewal and redevelopment.