2013 | 3 (24) | 134-148
Article title

Regulacje prawne ograniczające koszty transakcyjne – na przykładzie miejscowych planów zagospodarowania przestrzennego

Title variants
Legal regulations limiting transaction costs − based on local development plans
Languages of publication
This paper discusses the question of regulation in the area of property rights that limit the transaction costs associated with real estate development externalities. Regulations in the field of civil and administrative law, even if essentially fulfilling the same role in resolving potential conflicts between the owners of real estate located in the same area, involve different approaches and legal tools. The civil law limits the scope of claims available due to local conditions on case-by-case basis, the nature of the nuisance and its intensity. However, the regulations of administrative law restrict ownership of the property in terms of its development, in particular through regulations on spatial planning and development. Transaction costs related to the internalization of externalities of property management vary depending on what procedure this management occurs. In administrative law the costs include expenses associated with the adoption of the local development plan and the implementation of its provisions, and issuing decisions on individual zoning and land use. Transaction costs in civil law, however, cover due evidence in a complicated procedure for determining whether and to what extent there has been a violation of property. At high transaction costs − both in terms of Kaldor-Hicks, and Carl J. Dahlman – the adoption of appropriate solutions in the field of administrative law is more effective. The intervention of the civil law is, however, possible and effective when transaction costs have already been reduced by the application of administrative rules.
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Document Type
Publication order reference
YADDA identifier
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