| 英文摘要 |
According to Urban Renewal Act, the Implementer shall be authorized by owners’Consent signed by a certain proportion of the legal estate owners, and have to summit it with the Urban Renewal Plan to the Authority for a review. Urban–Renewal Plan is a reconstruction project carried out by the Implementer who is authorized by the legal owners of land and buildings of some certain area. It includes making the overall plan, calculating the proportion of costs borne by each party and the way in which benefits are distributed, consolidating the intention of the owners, completing the review of the legal process, and constructing in accordance with the approved plan. When both parties sign the Consent, they will pre-set a“reference value point”that is agreed to be borne by both parties after the accomplishment of the Urban-Renewal Plan in the future. However, it often leads a decision-making choice between both parties that either amending or withdrawing the Consent under the condition of information asymmetry. This study tries to explore the ownership of the“Residual Control Right”of gaps in the Consent that caused by the change of the reference value points during the contract period under the condition of information asymmetry, in terms of the gaps that happened in three different reference value points: the pre-determined reference value point of the Consent, the reference value point when the Urban-renewal Plan approved, and the reference value point when renewed estate sales or pre-sales start. Finally, through putting forward the mechanism of“the settlement date of the Urban-renewal Plan”to remedy the deficiencies of the Consent, in order to promote a well-planned urban renewal business. |