Eksternalitas dan Transaction Costs Dalam Mekanisme Pasar Pada Pengembangan Lahan dan Properti di Kawasan Perkotaan Bandung

Mochtarram Karyoedi

Abstract


Land (and property) development should be viewed not only as physical development, or as a matter of supply-demand of property development, or it is an event-sequence of management process. It should be viewed as complexity of the events and agency involves in the process and diversity of form within in a given institutional setting. This study focus on the nature and the consequences of transaction costs economic for the land development process performance. The incident of transaction cost (approximately toward 20%) should be regarded as an indicator that there could be externalities consequences – but according to the field interview in the case of land and property development in the City of Bandung, there had been no respond of that matter. The developers viewed that they tend to refused their responsibility and leave it to the government (or the public) to solve the problem. Some developer had a good initiative by joining together with the local community to cope with the problem.

Keywords: land and property development, management process, institutions, transaction costs, developer, externalities, government, public

References


Acheson, James. Welcome to Nobel Country: a Review of Institutional Economics. Ed. in Acheson, J., Anthropology and Institutional Economics. Maryland and London: University Press of America, Inc., 1994.

Alexander, Ernest R. 1986, Approaches to Planning – Introducing Current Planning Theories, Concepts and Issues. (New York: Gordon & Breach Science Publication).

____________ 1992. A transaction cost theory of planning. Journal of the American Planning Association 58, 2: 190-200

_____________1994. To plan or not to plan, that is the question: Transaction cost theory and its implications for planning. Environment and Planning B 21: 341-52.

Bovaird, Tony 1993. "Analysing Urban Economic Development." Urban Studies vol.30 nos 4/5. 631-658

Buitelaar, Edwin. 2002 “New institutional economics and planning. A different perspective on the market versus government debate in spatial planning”, Nijmegen, Nijmegen School of Management Spatial planning

Buitelaar, Edwin. 2004. A Transaction-cost Analysis of the Land Development Process. Urban Studies, Vol. 41, No. 13, 2539–2553, December 2004

Coase, Ronald H. 1960. The problem of social cost. Journal of Law and Economics 3 (October): 1-44.

Dahlman, Carl J. 1979. The problem of externality. Journal of Law and Economics 22: 141-62.

Dawkins, Casey J. 2000. Transaction Costs and the Land Use Planning Process

Journal of Planning Literature, Vol. 14, No. 4 (May 2000).

Dietrich, Michael, 1994. Transaction Cost Economic and Beyond – toward a new economics of firms. London & New York, Routledge

Furubotn, E.G. & R. Richter (1991), The new institutional economics: an assessment. In: E.G. Furubotn & R. Richter (eds.), The new institutional economics: a collection of articles from the Journal of institutional and theoretical economics, 1-32. Tübingen: Mohr.

Hart, Oliver. 1990. An economist’s perspective on the theory of the firm. In Organization theory: From Chester Barnard to the present and beyond, Oliver E. Williamson, ed. New York: Oxford University Press.

Haryo Winarso, 2000. “Residential Land Developers’s Behaviour in JABOTABEK,

Indonesia, PhD thesis, University College London, University of London Healey, Patsy, 1991. "Models of the Development Process: a review." Journal of Property Research 8. 1991. 219-238.

_____________1992. "An institutional model of the development process." Journal of Property Research 9. . 33-44.

Healey, P. and Barrett, S.M.. 1990. "Structure and Agency in land and property development process." Urban Studies 27. 89-104

Heikkilla, E. J. 2000. The Economics of Planning. New Brunswick, NJ: Center for UrbanPolicy Research. 35, pp. 53–75

Klink, F.A. 1994. Pigou and Coase reconsidered, Land Economics; Aug 1994; 70, 3; ABI/INFORM Global pg. 386.

Medema, Steven G. 1996. Coase, costs, and coordination. Journal of Economics Issues 30, 2: 571-78.

Mochtarram Karyoedi, 2006. Mekanisme Pasar, Pengembangan Properti dan Perencanaan Penataan Ruang Perkotaan di dalam Institusi Pengelolaan Pembangunan di Kawasan Tengah Kota Bandung (melalui Perspektif Pendekatan Transaction Cost Economics). Riset ITB – Kelompok Keahlian Pengelolaan Pembangunan dan Pengembangan Kebijakan, Sekolah Arsitektur, Perencanaan dan Pengembangan Kebijakan, ITB.

Needham, Barrie and George de Kam. 2004 Understanding How Land is Exchanged: Co-ordination Mechanisms and Transaction Costs Urban Studies, Vol. 41, No. 10, 2061–2076, September 2004

North, Douglas C.. Institutions, Institutional change and economic Performance. Cambridge, N.Y. et al.: Cambridge Univercity Press , 1991.

Pigou, A. C. 1929. The economics of welfare. London: Macmillan.

Shelanski, Howard A., and Peter G. Klein. 1995. Empirical research in transaction cost economics: A review and assessment. Journal of Law, Economics, and Organization 11, 2: 335-61.

Webster, Christopher J. 1998. “Public Choice, Pigouvian and Coasian Planning

Theory” Urban Studies, Vol. 35, No. 1, 53- 75,

Willy Irawan, 2006, Identifikasi Biaya Transaksi dalam Proses Pengembangan pada Koridor Komersial Jalan LRE Martadinata (Riau) – Kota Bandung, Tugas Akhir – Program Studi Perencanaan Wilayah dan Kota, SAPPK, ITB.




Creative Commons License

This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.

Copyright © 2019 Journal of Regional and City Planning