Compensation in Urban Land Readjustment: Experiment with Game Simulation D. Ary A. Samsura Erwin van der Krabben
Urban Land Readjustment Redeveloping land in order to have more optimal reallocation by inviting all the related property/land-owners to collaborate and become stakeholders in the land redevelopment project and instigating property/land exchange.
Urban Land Readjustment Cross-compensation: to let property owners who received more value to compensate other property owners who received less value. It reduces the financial pressure on the government to assemble the land and provide public facilities and facilitates the equal sharing of the benefits and costs of a project
Experiment with Game Simulation Original Land Readjustment A and D should compensate B, C, and E
Experiment with Game Simulation Information Complete Information Incomplete Information vs. Law Voluntarily (without Law) Can be forced (with Law) vs.
Experiment with Game Simulation ULR Game Complete Information Without Law With Law Incomplete Information
Experiment with Game Simulation 70 participants: 2 sessions with 7 groups of 5
Results (Preliminary) Complete Information 2 4 5 10 7 4 14 6 4 Incomplete Information
Results (Preliminary) COMPLETE INFORMATION Without Law With Law VOLUNTARY FORCED A 0.30 0.34 0.40 B 0.14 0.16 C D 0.29 0.25 E 0.12 0.13 0.00 INCOMPLETE INFORMATION Without Law With Law VOLUNTARY FORCED A 0.44 0.41 0.43 B 0.10 0.15 0.13 C 0.12 0.06 D 0.26 0.20 0.33 E 0.09 0.05