Premium
PLANNING THROUGH EXCLUSIVE DIALOGUE: BASIC LESSONS WE CAN LEARN FROM THE PRIVATE ESTATE
Author(s) -
MacCallum Spencer Heath
Publication year - 2005
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2005.00588.x
Subject(s) - commons , private property , estate , politics , real estate , business , property (philosophy) , property management , value (mathematics) , private enterprise , government (linguistics) , land tenure , finance , law and economics , economics , market economy , agriculture , geography , law , political science , philosophy , epistemology , machine learning , computer science , linguistics , archaeology
Empirical evidence suggests that private estates where land is managed as a multi‐tenant property by a single private company with a continuing interest in the value of that property tend to be better run than estates that are subdivided into multiple parcels of separately managed land with the commons managed via some form of political decision‐making. Public policy, particularly in the UK, has hindered the growth of successful multi‐tenant private estates.