An empirical Coasian study on the socio-economic profiles of two politically sensitive informal settlements: Kowloon Walled City and Rennie's Mill

摘要

Informed by the "corollary of Coase Theorem" (Lai and Hung, 2008; Lai et al., 2007), for a better understanding of the self-help post-war development of two politically sensitive and vanished places in Hong Kong, the socalled "Kowloon Walled City" (Lai, 2016; Lai and Chua, 2017; Lau et at., 2018) and Rennie's Mill (Lan, 2006), which have attracted academic interest but remained under-researched in terms of empirical scrutiny, this study: