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A Theoretical Framework for the Functioning of the Dutch Property Market

Author

Listed:
  • Erwin van der Krabben

    (Department of Social Economics, Faculty of Economics. Tilburg University, Postbox 90153, 5000 LE Tilburg, The Netherlands)

  • Jan G. Lambooy

    (Faculty of Economics, University of Amsterdam, Roetersstraat 11, 1018 WB Amsterdam, The Netherlands)

Abstract

In this article a theoretical framework will be presented to aid understanding of the functioning of property markets, more particularly the Dutch property market. It will be argued that traditional urban economic theories are not able to explain the structure and processes of the built environment. In the Dutch case, we are confronted with two problems; first, to find a way in which urban economic theories, designed for a context of cities in Great Britain and the US, can be used to explain urban development that takes place in the different context of Dutch cities; and, secondly, to formulate a set of hypotheses appropriate for the Dutch property market. The hypotheses concern the strategies of individual actors on the property market and the underlying factors. It is concluded that, in general, the relation between institutional structure and property development has been neglected both because of insufficient attention from economic scientists, and because empirical research is very complicated.

Suggested Citation

  • Erwin van der Krabben & Jan G. Lambooy, 1993. "A Theoretical Framework for the Functioning of the Dutch Property Market," Urban Studies, Urban Studies Journal Limited, vol. 30(8), pages 1381-1397, October.
    • Handle: RePEc:sae:urbstu:v:30:y:1993:i:8:p:1381-1397
    DOI: 10.1080/00420989320081321
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    Cited by:

    1. Ho-Yin Yue, 2012. "Why housing price in Hong Kong? An explanation in game theory approach," Economics and Business Letters, Oviedo University Press, vol. 1(3), pages 8-15.
    2. Ghebreegziabiher Debrezion & Eric Pels & Piet Rietveld, 2004. "The Effects of Railway Investments in a Polycentric City," Tinbergen Institute Discussion Papers 04-089/3, Tinbergen Institute.

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