In Turkey, after the 1999 Gölcük Earthquake, urban redevelopment has been seen as a major solution for removal or rehabilitation of low quality urban settlements. Several laws and bylaws have been passed to this end. One of the major tasks of this transformation and/or redevelopment is to...

A large theoretical literature on value capture following Brandenburger and Stuart Jr. (1996) uses cooperative games under complete information to study how and why firms earn supernormal profits. However, firms often have different information, beliefs, or creative foresight. We extend value...