Experimental Coastal Land Reclamation: Qianhai as a Case Interpreted |
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| Authors: | Lawrence W.C. Lai K. W. Chau Frank T. Lorne Weisheng Lu |
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| Affiliation: | 1. Ronald Coase Centre for Property Rights Research, Department of Real Estate and Construction, University of Hong Kong, Hong Kong, Chinawclai@hku.hk!["ORCID]("//:0" "\"ORCID") https://orcid.org/0000-0002-8960-2766;3. Ronald Coase Centre for Property Rights Research, Department of Real Estate and Construction, University of Hong Kong, Hong Kong, Chinahttps://orcid.org/0000-0001-6448-5543;4. Ronald Coase Centre for Property Rights Research, New York Institute of Technology-Vancouver, University of Hong Kong, Vancouver, Canada;5. Ronald Coase Centre for Property Rights Research, Department of Real Estate and Construction, University of Hong Kong, Hong Kong, China;6. Faculty of Architecture, University of Hong Kong, Hong Kong, China |
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| Abstract: | ![]()
ABSTRACTInformed by a Coasian transaction cost paradigm enriched by the concept of Schumpeterian innovations, this paper discusses the advantages of using experimental coastal reclamation of the sea to build new cities with a policy for fostering innovations. A new development area at the margin of Shenzhen in China, Qianhai, is used to demonstrate how urban expansion by urban sprawling in a megacity can be avoided by reclamation of marginal land as analytically less costly than along intra-marginal land and more suitable for experimentation for the type of megacity concept that Qianhai aims to achieve. |
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| Keywords: | Schumpeterian experimentation transaction cost social cost reclamation Qianhai |
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!["ORCID]({"type":"image","src":"/templates/jsp/images/orcid.png"} "\"ORCID")
https://orcid.org/0000-0002-8960-2766;3. Ronald Coase Centre for Property Rights Research, Department of Real Estate and Construction, University of Hong Kong, Hong Kong, China