IDEAS home Printed from https://ideas.repec.org/a/taf/jpropr/v29y2011i2p153-176.html
   My bibliography  Save this article

Recreating residential property values in the inner city -- an adapted ‘old’ institutional approach

Author

Listed:
  • Tom Kauko

Abstract

This paper argues that old institutional economics (OIE) is well-placed to provide a conceptual framework for the analysis of issues surrounding property price developments. This is particularly true in arenas where qualitative factors cause a change that is discontinuous from the previous structure, such as amid urban regeneration. In this paper first the basic principles of OIE are outlined and a meta-theoretical position established. Then it is argued how this approach has potential applicability for explaining the house price impacts of decision making regarding urban regeneration. The study tests an OIE inspired typology of price and quality changes on processes of urban renewal within localised housing market areas. In doing so, empirical material is presented through two case studies: one from Amsterdam and the other from Budapest. Findings from these circumstances illustrate the value of an OIE approach for analysing house prices, quality elements and neighbourhood specific characteristics of urban regeneration. More generally, the study shows that OIE has plenty to offer for a ‘patchy’ and evolving problem area such as the analysis of urban property price development.

Suggested Citation

  • Tom Kauko, 2011. "Recreating residential property values in the inner city -- an adapted ‘old’ institutional approach," Journal of Property Research, Taylor & Francis Journals, vol. 29(2), pages 153-176, December.
    • Handle: RePEc:taf:jpropr:v:29:y:2011:i:2:p:153-176
    DOI: 10.1080/09599916.2011.649488
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09599916.2011.649488
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09599916.2011.649488?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Roland Bénabou & Jean Tirole, 2010. "Individual and Corporate Social Responsibility," Economica, London School of Economics and Political Science, vol. 77(305), pages 1-19, January.
    2. repec:arz:wpaper:eres2008-117 is not listed on IDEAS
    3. Arild Vatn, 2005. "Institutions and the Environment," Books, Edward Elgar Publishing, number 2826.
    4. Edwin Buitelaar, 2008. "Property Rights And Urban Regeneration In The Netherlands," ERES eres2008_117, European Real Estate Society (ERES).
    5. Vatn, Arild, 2005. "Rationality, institutions and environmental policy," Ecological Economics, Elsevier, vol. 55(2), pages 203-217, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bobulescu, Roxana & Fritscheova, Aneta, 2021. "Convivial innovation in sustainable communities: Four cases in France," Ecological Economics, Elsevier, vol. 181(C).
    2. Del Corso, Jean-Pierre & Kephaliacos, Charilaos & Plumecocq, Gaël, 2015. "Legitimizing farmers' new knowledge, learning and practices through communicative action: Application of an agro-environmental policy," Ecological Economics, Elsevier, vol. 117(C), pages 86-96.
    3. Stefani, Gianluca & Lombardi, Ginevra Virginia & Romano, Donato & Cei, Leonardo, 2017. "Grass Root Collective Action for Territorially Integrated Food Supply Chains: A Case Study from Tuscany," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 8(4), October.
    4. Norgaard, Richard B., 2010. "Ecosystem services: From eye-opening metaphor to complexity blinder," Ecological Economics, Elsevier, vol. 69(6), pages 1219-1227, April.
    5. Kvakkestad, Valborg, 2009. "Institutions and the R&D of GM-crops," Ecological Economics, Elsevier, vol. 68(10), pages 2688-2695, August.
    6. Trædal, Leif Tore & Vedeld, Pål Olav & Pétursson, Jón Geir, 2016. "Analyzing the transformations of forest PES in Vietnam: Implications for REDD+," Forest Policy and Economics, Elsevier, vol. 62(C), pages 109-117.
    7. Spash, Clive L. & Vatn, Arild, 2006. "Transferring environmental value estimates: Issues and alternatives," Ecological Economics, Elsevier, vol. 60(2), pages 379-388, December.
    8. Vatn, Arild, 2009. "An institutional analysis of methods for environmental appraisal," Ecological Economics, Elsevier, vol. 68(8-9), pages 2207-2215, June.
    9. Padmanabhan, Martina, 2011. "Women and men as conservers, users and managers of agrobiodiversity," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(6), pages 968-976.
    10. Clive L Spash, 2009. "Social Ecological Economics," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2009-08, CSIRO Sustainable Ecosystems.
    11. Røpke, Inge, 2020. "Econ 101—In need of a sustainability transition," Ecological Economics, Elsevier, vol. 169(C).
    12. Spash, Clive L., 2007. "Deliberative monetary valuation (DMV): Issues in combining economic and political processes to value environmental change," Ecological Economics, Elsevier, vol. 63(4), pages 690-699, September.
    13. Stefani, G. & Lombardi, G.V. & Romano, D. & Cei, L., 2017. "Green Root Collective Action for Conservation of Agri-Bio Diversity: a Case Study in Tuscany," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 2017(1), June.
    14. Dimitrios Zikos, 2020. "Revisiting the Role of Institutions in Transformative Contexts: Institutional Change and Conflicts," Sustainability, MDPI, vol. 12(21), pages 1-20, October.
    15. Jean-David Gerber, St phane Nahrath, 2013. "Beitrag zur Entwicklung eines Ressourcenansatzes der Nachhaltigkeit," Diskussionsschriften credresearchpaper03, Universitaet Bern, Departement Volkswirtschaft - CRED.
    16. Kathleen McAfee, 2012. "The Contradictory Logic of Global Ecosystem Services Markets," Development and Change, International Institute of Social Studies, vol. 43(1), pages 105-131, January.
    17. Lars Hein & Pete Roberts & Lucia Gonzalez, 2016. "Valuing a Statistical Life Year in Relation to Clean Air," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 18(04), pages 1-24, December.
    18. Roel Plant & Spike Boydell & Jason Prior & Joanne Chong & Aleta Lederwasch, 2017. "From liability to opportunity: An institutional approach towards value-based land remediation," Environment and Planning C, , vol. 35(2), pages 197-220, March.
    19. Scheidel, Arnim & Farrell, Katharine N., 2015. "Small-scale cooperative banking and the production of capital: Reflecting on the role of institutional agreements in supporting rural livelihood in Kampot, Cambodia," Ecological Economics, Elsevier, vol. 119(C), pages 230-240.
    20. Leslie Carnoye & Rita Lopes, 2015. "Participatory Environmental Valuation: A Comparative Analysis of Four Case Studies," Sustainability, MDPI, vol. 7(8), pages 1-23, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jpropr:v:29:y:2011:i:2:p:153-176. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJPR20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.