Special Issue "Transaction Costs and Policy Analysis"

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Sustainable Urban and Rural Development".

Deadline for manuscript submissions: 31 December 2021.

Special Issue Editor

Dr. Sina Shahab
E-Mail Website
Guest Editor
School of Geography and Planning, Cardiff University, Cardiff CF10 3WA, UK
Interests: spatial planning; policy analysis; land policy; environmental economics; transaction costs
Special Issues and Collections in MDPI journals

Special Issue Information

Dear Colleagues,

“Transaction costs”, as a well-established concept in New Institutional Economics, has been used to explain and analyse the costs of running economic systems, since Nobel Laureate Ronald Coase's seminal article, The Nature of the Firm. Transaction costs are often hidden and include, for example, the costs of collecting information, negotiating, contracting, or making payments. Although there are many studies that have explored such costs in the context of firms and businesses, there are still rather limited studies that investigate the effects of high transaction costs on designing and implementing public policy instruments, particularly land, planning, and environmental policy instruments. Taking account of transaction costs is particularly important in the context of public policies, because high levels of transaction costs can result in reduced degrees of policy effectiveness, efficiency, and equity. High levels of such costs can hinder people from participating in a policy instrument whilst lowering policy efficiency. Additionally, given transaction costs are often unevenly distributed among the parties involved, their magnitude and distribution have considerable influence on the equity of the policy. Therefore, such transaction costs have considerable implications for policy design and implementation, including the policies focused on sustainability agenda.

This Special Issue of Sustainability welcomes theoretical and empirical contributions that aim at providing deeper insights into the effects of transaction costs on the process of designing and implementing land, planning, and environmental policy instruments. Of particular interest are studies that analyse the size, timing, and distribution of transaction costs, and their impacts on the effectiveness, efficiency, and equity of policy instruments. Empirical analyses of the policies focused on sustainability agenda are especially welcome. The geographical scope of the Special Issue is global, and contributions regarding case studies and policy instruments from both developed and developing countries will be equally relevant and welcome.

Dr. Sina Shahab
Guest Editor

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.

Keywords

  • transaction costs
  • New Institutional Economics
  • policy analysis
  • policy instruments
  • institutional analysis
  • land policy
  • planning policy
  • environmental policy

Published Papers (1 paper)

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Research

Article
Self-Build and Custom Housebuilding Registers in England: A Transaction-Cost and Effectiveness Analysis
Sustainability 2021, 13(9), 4912; https://doi.org/10.3390/su13094912 - 27 Apr 2021
Cited by 1 | Viewed by 416
Abstract
The development of the self and custom housebuilding sector can work towards increasing the supply of housing and alleviate some of the strain on the housing market in England. Although it is not a solution for everyone, improving self and custom housebuilding can [...] Read more.
The development of the self and custom housebuilding sector can work towards increasing the supply of housing and alleviate some of the strain on the housing market in England. Although it is not a solution for everyone, improving self and custom housebuilding can add diversity to the market, increase housing affordability, and produce sustainable homes. This has been recognised by the UK Government, which has introduced legislation which aims to assist self and custom builders on the journey to building their own home. The goals of the legislation are to ensure every local authority in England keeps a register of individuals who want to build their own home, to consider this register when carrying out other planning functions, and to grant sufficient planning permissions for those on the register. This paper evaluates the ‘self-build and custom housebuilding registers’ from the perspective of transaction costs and perceived effectiveness. This is achieved through semi-structured interviews with local authority planners, private-sector planners, property developers, and national bodies. The findings of this study identify that the primary transaction costs occur in the eligibility tests stage of the register application and relate to the uncertainty felt by applicants post application. The paper concludes that these could be rectified by implementing a more consistent and fair system. The perceived effectiveness of the register varies considerably. The paper determines that the policy requires significant change in order to meet the goals it set out to achieve, which includes model Supplementary Planning Guidance documents and a robust support system for applicants. Full article
(This article belongs to the Special Issue Transaction Costs and Policy Analysis)
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