Special Issue "Public Value Capture"
Deadline for manuscript submissions: 30 June 2021.
Interests: land management; real estate valuation; land policy; public value capture
Interests: land management and economics; real estate valuation; sustainable and affordable housing; urban regeneration and sustainable communities; public value capture
Special Issues and Collections in MDPI journals
Interests: spatial location assessment and housing markets; land management and climate change; land management for sustainable development of urban-rural relations; innovative approaches to services of general interest in rural areas; spatial planning
Interests: spatial planning; land policy; land value capture
Interests: urban economics; land economics and management; public policies; local public finance; territorial development
The shortage of financial resources is a worldwide problem. Coming out of the economic and financial crisis, countries as well as municipalities have decreasing means to fulfil all their public commitments. Urbanization requires increasing funding for public infrastructure and services, which, in most cases, leads in turn to rising land prices for urban properties. So, should those who benefit from it share some of the costs? How would that effect development and progress? What are the most appropriate ways to do so?
The Special Issue aims to focus on three main aspects of Public Value Capture of Increasing Property Values:
- Common Framework: Land and its value play a crucial role for social activities and development. Therefore, increasing property values have deep social, economic, and distributive justice implications. Defining which value should remain in which hands is a normative issue with philosophical and political implications. Thus, it has to be considered how property in general has been constructed in the law, political philosophy, and constitution of a country, as well as in the development of the theory of location and ground rent. European countries have developed under philosophical references and settled their own range of property rights in accordance with the dominant political trends and social acceptance. Looking at different systems could help to propose new solutions for the creation of a common framework.
- Innovative Tools: Tools which are used in many countries are: fees and taxes, a “real estate consortium” (joint development of public authorities and private land owners), a negotiated development (between developer and municipality), flexible building rights (exceptions to the general use regulations in favour of investors or property owners who paid a certain amount of money), the urban development or redevelopment measure (for the new development of urban areas or elimination of urban deficits), interim acquisition (build-up of land stocks by municipalities) and contract models (agreement of certain duties of the private partner in return to subsequent building rights). The design of the tools and their application varies from country to country. It is important to determine which implementations can be considered as innovative and forward-looking.
- Allocation of Development Costs and Benefits: Land values are determined by several factors—i.e., it is a result of both public and private investments and actions. A conceptual delineation of these elements can facilitate the discussion of who should capture what. Through new tools of public value capture, further possibilities for increasing financial resources for public duties (due to the discharge of the public budget concerning costs of infrastructure) can be opened up.
Dr. Andreas Hendricks
Dr. Vida Maliene
Dr. Andreas Ortner
Prof. Dr. Erwin van der Krabben
Prof. Dr. Sonia Guelton
Manuscript Submission Information
Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All papers will be peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.
Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.
Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1900 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.
- public value capture terminology
- public value capture framework
- tools of public of value capture
- cost allocation of captured value
- beneficiaries of captured value