Abstract
Public sector objectives in land use policy planning can be evaluated by comparing them with the various types of market failure. In general public policy corrects some instances of market failure, fails to correct others, and creates yet others. By using a market failure perspective government could greatly reduce negative externalities in the form of pollution and land use incompatabilities, inefficiencies in the provision of public services along with the attendant incentives for sprawl, as well as the costs inequities of achieving social objectives. These results would come from designing policies to take advantage of and enhance market processes rather than replacing markets with political process.
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© 1981 Plenum Press, New York
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Lee, D.B. (1981). Land Use Planning as a Response to Market Failure. In: de Neufville, J.I. (eds) The Land Use Policy Debate in the United States. Springer, Boston, MA. https://doi.org/10.1007/978-1-4613-3252-7_13
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DOI: https://doi.org/10.1007/978-1-4613-3252-7_13
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-3254-1
Online ISBN: 978-1-4613-3252-7
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