Revisiting the Purpose of Land Policy: Efficiency and Equity

Land policy influences how and by whom land is used; therefore, it impacts the efficiency and equity of land use. This paper offers an economic perspective on efficiency and equity as fundamental purposes of planning and land policy. It brings a highly needed mutual understanding between planning an...

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Bibliographic Details
Published in:Journal of planning literature 2022-11, Vol.37 (4), p.575-588
Main Authors: Vejchodská, Eliška, Shahab, Sina, Hartmann, Thomas
Format: Article
Language:English
Subjects:
Efficiency
Land use
Sacrifices
Tradeoffs
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Summary:Land policy influences how and by whom land is used; therefore, it impacts the efficiency and equity of land use. This paper offers an economic perspective on efficiency and equity as fundamental purposes of planning and land policy. It brings a highly needed mutual understanding between planning and economics, whilst acknowledging the limitations of the theoretical concepts of efficiency and equity in their real-world applications. The paper also provides a solid ground for analysing trade-offs between efficiency and equity of land policy interventions. Situations minimising trade-offs should be of particular interest as they provide opportunities for improvements without necessary sacrifices.
ISSN:0885-4122
1552-6593
DOI:10.1177/08854122221112667