EXACTIONS IN THE NEW DISINFLATIONARY ENVIRONMENT

This study demonstrates that the growing use of exactions in the 1970s were a product of the inflationary environment which created the illusion that they were shifted forward to the ultimate consumer of housing. Instead, local governments, through the exaction process, were capturing a portion of the increase in land values induced by inflation. In many areas the increase in land values was so great that even after the imposition of exactions, the real value of land increased. However, as the economy disinflates, inflation-induced profits disappear and the landowner realizes that he is bearing the burden of the exaction. As a result, the political concensus that favored the imposition of the exactions in the 1970s is forecast to break down in a low inflation environment.     

Management of Industrial Parks: Australian Perspectives

Industrial parks have aroused high expectations among academics and practitioners. Using the product cycle concept, it is argued that the emphasis should now move from development to ongoing management to maintain park performance. This is illustrated by reference to a mature and successful Australian park: detailed evaluation of location, access, amenity, and zoning suggests changes to physical planning and management potentially beneficial to occupants. Given the downturn in Western manufacturing and the concentration of industrial activity in parks, park performance is now significant. Improvements at the micro-level might assist industrial restructuring and recovery.
Les lotissements industriels ont provoquk de grands espoirs parmi thkoreticiens et gens de mktier. En utilisant le concept du cycle des produits, cet article affirme que, apr le dkveloppement mike, c'est la continuit6 de la gestion qui doit maintenant susciter les efforts si on veut maintenir les rksultats obtenus dans ces surfaces. L'exemple d'un lotissement industriel australien bien établi et prospkre vaservir A illustrer cette affirmation: l'evaluation detaillke du site, des points d'accks, de l'agrkment, de la repartition en zones suggkre des changements dans la planification physique et la gestion qui peuvent offrir des améliorations aux occupants. Etant donne le declin de l'industrie occidentale et la concentration de I'activite industrielle dans des lotissements Specialises, I'efficacitt de ces surfaces est importante. Des ameliorations de detail pourraient contribuer A la restructuration et A la relkve industrielles.     

The Theory of Welfare Considerations in Public Facility Location Problems

The paper provides a general theoretical framework for analyzing the locational choice of public facilities from the point of view of social welfare. Spatial interactions of individuals and economies to scale in the public sector are taken into account, and that, in turn, adds another dimension to the set of alternatives facing the decision maker. His choice has to be made by considering size as well as space alternatives for the provision of the public service. The paper presents a theoretical structure for ranking those alternatives.