land readjustment; cooperative game theory; Shapley value and the Core
Abstract :
[en] The nature of the problems that land readjustment seeks to confront are best thought of as questions in cooperative game theory. We seek to explore the underpinning logic of land-readjustment using fundamental concepts in cooperative game theory: the Shapley value and the Core. We present results of an experiment on coalition and value distribution in four European countries. Our results shed light on a range of important practical issues for the policy ranging from the conditions under which development might be self-initiated to coalition stability, and to the value of an animating agency such as urban planning.
Research Center/Unit :
Lepur : Centre de Recherche sur la Ville, le Territoire et le Milieu rural - ULiège
Disciplines :
Regional & inter-regional studies Special economic topics (health, labor, transportation...) Human geography & demography
Author, co-author :
Gu, Yiquan; University of Liverpool > University of Liverpool Management School
Lord, Alexander; University of Liverpool > Department of Geography and Planning
Eika, Anders; Norwegian University of Life Sciences > Department of Spatial Planning and Landscape Architecture
Dethier, Perrine; Université de Liège - ULiège
Samsura, Ary; Radboud University Nijmegen
Nordhal, Berit; Norwegian Institute for Urban and Regional Research
Sommervoll, Dag; Norwegian University of Life Sciences
van der Krabben, Erwin; Radboud University Nijmegen
Halleux, Jean-Marie ; Université de Liège - ULiège > Département de géographie > Service de géographie économique (ECOGEO)
Language :
English
Title :
Fair shares? Advancing land economics through cooperative game theory
EU Joint Programming Initiative. This paper is a direct outcome of the JPI award SIMS City: Testing new tools for value capture. The Norwegian State Housing Bank.
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