An Influence Analysis on Urban Renewal Application Process by the Characteristics of Landlords in Taipei City Using Game Theory
Date Issued
2010
Date
2010
Author(s)
Lin, Yu-Chih
Abstract
As city is growing, the importance of urban renewal has increased. Under the government‘s impulsion, urban renewal has been one of the most important issues nowadays. To implement the plan, it needs to obtain the landlords’ consent to apply for urban renewal business plan. However, the process of land integration needs considerable transaction cost. The research is to analyze how the characteristics of landlords and the bargain strategies used by landlords and developer affect transaction cost.
Game theory was adopted in the research. Since implementation of urban renewal needs cooperation of landlords and developer but both sides compete the same interests of urban renewal, the actions from one side will affect the other side’s strategies and payoff. Because of the above, this bargain process can be analyzed with game theory. An urban renewal game was built to analyze the process of achieving an agreement between landlords and developer. The finding is that both of “the characteristics of landlords” and “the interactions between landlords and developer” indeed affect the prograss of implementing urban renewal. Besides, the study also finds that if landlords and developer can cooperate, both sides’ payoff will raise and the delay of urban renewal can be avoided.
Subjects
Characteristics of Landlords
Urban Renewal
Game Theory
Type
thesis
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