Title

Compensation, risks, and efficiency

Document Type

Journal article

Source Publication

Planning and Development

Publication Date

1-1-1991

Volume

7

Issue

2

First Page

61

Last Page

62

Abstract

In this paper, I would like to discuss two concepts related to compensation: transferrable development rights, and warranted compensation price. I recommend consideration of these two instruments as a way of changing the risk environment for developers without any extra burden to taxpayers.

Additional Information

Note: This article is adopted from a paper presented at the Forum on the Practical Implementation of the Planning Ordinance on 7 January 1992 organized by the Pacific Rim Council on Urban Development.

Recommended Citation

Ho, L. S. (1991). Compensation, risks, and efficiency. Planning and Development, 7(2), 61-62.

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