Land value capture: dynamics and diversity of instruments and strategies
Eliška Vejchodská, Thomas Hartmann, Rachelle Alterman
Abstract
Land value capture refers to a range of methods utilised by public authorities to obtain a portion of the rise in land values from landowners. To enable both researchers and decision-makers to comprehensively assess the outcomes and effects of land value capture, evaluation frameworks are necessary. This special issue adopts four generic evaluation criteria as a framework for analysing the various land policy instruments: effectiveness, efficiency, justice and legitimacy. The opening editorial paper places this evaluation framework within the context of land value capture instruments and introduces the contributions to this special issue. The issue intends to show how studying land value capture policies based on explicit evaluation criteria can help their strategic application in diverse institutional settings.