Bargaining for value capturing: a game-theoretical analysis and experimental approach
| Autor: | Erwin van der Krabben, D. Ary A. Samsura, R.E.C.M. van der Heijden, A.M.A. van Deemen |
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| Rok vydání: | 2013 |
| Předmět: |
Public infrastructure
Public economics business.industry Responsible Organization Geography Planning and Development Face (sociological concept) Distribution (economics) Shaping and Changing of Places and Spaces Context (language use) Cooperative game theory Microeconomics Value (economics) Economics business General Environmental Science |
| Zdroj: | Environment and Planning B: Planning and Design, 40, 2, pp. 234-253 Environment and Planning B: Planning and Design, 40, 234-253 |
| ISSN: | 0265-8135 |
| Popis: | Value capturing is considered a promising additional way of funding public infrastructure development. However, its implementation is often problematic because the instruments that can be used for it (ie, taxes, fees, and other types of fiscal regulation) generally face a lack of support. An alternative approach to value capturing might be to stimulate the stakeholders to bargain over the distribution of the increment values. This paper presents an analysis of bargaining processes with respect to the implementation of value capturing based on concepts drawn from cooperative game theory in partition function form. The institutional setting of location development related to infrastructure development in the Netherlands is used to provide an empirical context to the analysis. As a validation, the game is played with experts in Dutch planning and infrastructure development practice. Our study shows that a game-theoretical approach offers a useful method to conceptualise relationships between different stakeholders and analyse the bargaining and negotiation processes to reach an agreement about an efficient and fair allocation of the increment land values. Keywords: land and infrastructure development, value capturing, bargaining, cooperative game theory in partition function form |
| Databáze: | OpenAIRE |
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