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《Urban Planning Forum》 2013-05
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The Renewal of Allocated Industrial Land in the Perspective of Property Right System:The Case of Hongkou District,Shanghai

FENG Li;TANG Zilai;  
In this paper,theories of transaction cost,property right and institutional change in new institutional economics are applied to reveal the decisive influence of land property right system on urban regeneration patterns.The study is based on the informal renewal cases of allocated industrial land in Hongkou district,Shanghai.Allocated industrial land renewal is facing institutional problems,even though redevelopment opportunities caused by locational reasons are emerging.Under a market context,urban regeneration is not a simple planning process of land use change on map.New institutional economics,rather than neo-classical economics,providesa more suitable theoretical framework foranalysing the property right and institutional problems.In a real world with transaction costs,property right systems significantly affect the efficiency of resource allocation.The property right agents pursue their own interests and bargain with each other and hencepush the transformation of property right system,and drasticrestructuringof interest groups.Ina conclusion part,the paper suggests that institutional issues must be taking consideration in urban planning.Planners should not only provide spatial solutions,but also point out the intuitional routes to achieve corresponding land use goals.
【CateGory Index】: F301;F427
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