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| Resource details |
| Resource ID: |
795 |
| Title: |
The Nature of the Neighbourhood |
| Description: |
Coase explained the existence and size of firms in terms of transaction costs. Neighbourhoods can be seen as important units of consumption and production.Webster develops a theory of neighbourhood based on transaction costs, property rights and related ideas from new institutional economics. A neighbourhood is defined as a nexus of contracts and four rules that govern itsevolution are specified. Normative aspects of the theory are illustrated by examining the organisational order in neighbourhoods, in particular, the pattern of residual claimants in the contracts that underpin neighbourhood dynamics. |
| Author(s): |
Chris Webster |
|
Type of resource: |
methodology |
| Area covered: |
UK, Global |
| Type of document: |
Journal article |
| ISBN: |
|
| Journal: |
Urban Studies, Vol. 40, No. 13, p.2591-2612
|
| Publisher: |
Carfax (Taylor Francis Group) |
| Year of publication: |
2003 Dec |
| Availability: |
library, publisher |
| Is there a dataset? |
No |
| Associated web site: |
http://firstsearch.oclc.org |
| Is a password required? |
No |
| Associated key phrases: |
city networks, spatial scenarios, urban areas
|
| Associated topics: |
100, 710
|
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