John Corkindale argues for the privatisation of the land use planning system
Having publishes a series of green consultation papers, followed by a policy statement, the government introduced the Planning and Compulsory Purchase Bill during the 2002/03 Parliamentary session. This Hobart Paper examines some of the governmentâ€™s proposals against economic evaluation criteria. The principal deficiencies are found to be that the proposals do not properly address important topics such as the internalisation of environmental externalities or land betterment taxation. The author focuses on the former in particular. He discusses various options for change to the land use planning system primarily designed to introduce voluntary trading and the privatisation of development decisions. He argues that these options, and also market-based instruments such as tradable development rights, have the capacity to achieve a greater degree of allocative efficiency and to take some of the political heat out of the land use planning process.
2004, Hobart Papers 148, ISBN 0 255 36550 0, 113pp, PB
Liberating the Land by Mark Pennington.