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Transaction costs in planning literature: a systematic review

Shahab, Sina 2021. Transaction costs in planning literature: a systematic review. Journal of Planning Literature 10.1177/08854122211062085

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Abstract

“Transaction costs,” as a well-established theory in New Institutional Economics, has been used to explain and analyze various planning matters for about 30 years since its introduction to planning literature. However, there is no study on how planning-related studies have utilized the theory. This paper conducts a systematic review that aims to develop a better understanding of how transaction-cost theory is used in planning literature. The review shows that while potential contributions and implications of transaction costs have been conceptually discussed in planning literature, the empirical studies have remained limited, particularly concerning the magnitude of such costs in planning systems.

Item Type: Article
Date Type: Published Online
Status: In Press
Schools: Geography and Planning (GEOPL)
Publisher: SAGE Publications (UK and US)
ISSN: 0885-4122
Date of First Compliant Deposit: 9 November 2021
Date of Acceptance: 8 November 2021
Last Modified: 13 Dec 2021 13:29
URI: https://orca.cardiff.ac.uk/id/eprint/145383

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