Abstract
In comparison with other fields where tradable permits apply such as air or water, land has some quite distinct properties, not least because the many entangled legal instruments that govern it play a large part in determining its price. Property law varies widely from one country to another, particularly so in the case of development law, the prime cost determinant when land is in demand. For this reason, before going into the detail of actual examples of tradable permits, the relationship between property law, urban development regulations and tradable permits will be examined in Section I, with particular attention to the differences between legal systems of the type found in North America and those common in western Europe.
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Renard, V. (2000). Land Markets and Transfer of Development Rights: Some Examples in France, Italy, and The United States. In: Fossati, A., Panella, G. (eds) Tourism and Sustainable Economic Development. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-4321-3_8
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DOI: https://doi.org/10.1007/978-1-4615-4321-3_8
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