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To capitalise or not to capitalise? Public agencies versus urban residents

Author

Listed:
  • Ravit Hananel

    (Tel-Aviv University, Israel)

  • Joseph Berechman

    (City University of New York, USA)

Abstract

In recent decades, urban residents in various countries have faced the dilemma of whether to accept offers, made by public authorities’ agencies, to increase their property rights in the housing units in which they live or to maintain their existing status and pay higher annual fees. These offers, involving a broad range of housing ownership policies, have often met with indifference or only marginal acceptance. In this paper we analyse the factors that seem to underlie the tenants’ (or lessees’) preferences and the housing authorities’ proposals. To explain the results we use a sequential game approach, in which the two sides, the lessees and the authorities, base their decisions on their respective payoffs and the response of the other party. The data regarding the acceptance or rejection of the authorities’ proposals are from the Israeli housing market, where fees and property rights are the key variables.

Suggested Citation

  • Ravit Hananel & Joseph Berechman, 2018. "To capitalise or not to capitalise? Public agencies versus urban residents," Urban Studies, Urban Studies Journal Limited, vol. 55(11), pages 2319-2336, August.
    • Handle: RePEc:sae:urbstu:v:55:y:2018:i:11:p:2319-2336
    DOI: 10.1177/0042098017717213
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    References listed on IDEAS

    as
    1. Gilboa, Itzhak, 2012. "Rational Choice," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262518058, December.
    2. Scott South & Kyle Crowder, 1997. "Residential mobility between cities and suburbs: race, suburbanization, and back-to-the-city moves," Demography, Springer;Population Association of America (PAA), vol. 34(4), pages 525-538, November.
    3. Ravit Hananel, 2013. "Planning Discourse versus Land Discourse: The 2009–12 Reforms in Land-Use Planning Policy and Land Policy in Israel," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 37(5), pages 1611-1637, September.
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