Markets for complex, multi-faceted goods normally require a complex institutionalframework to function properly, i.e., to lead to patterns of outcomes that are deemedacceptable by the individuals involved. This paper examines the institutionalunderpinnings of the market for urban land use...

According to the principle of Normative Individualism, the evaluation of economicstates and processes should be guided exclusively by the wishes of the individuals whoare seen as the only bearer of values. Despite its intuitive appeal and its almost universalacceptance in normative economics...