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. Edwin Buitelaar, 2008. "Property Rights And Urban Regeneration In The Netherlands," ERES eres2008_117, European Real Estate Society (ERES).
    2. 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.
    3. repec:arz:wpaper:eres2008-117 is not listed on IDEAS
    4. Vatn, Arild, 2005. "Rationality, institutions and environmental policy," Ecological Economics, Elsevier, vol. 55(2), pages 203-217, November.
    5. Arild Vatn, 2005. "Institutions and the Environment," Books, Edward Elgar Publishing, number 2826.
    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. Andreas Thiel & Catrin Egerton, 2011. "Re-scaling of resource governance as institutional change: the case of water governance in Portugal," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 54(3), pages 383-402.
    2. Bobulescu, Roxana & Fritscheova, Aneta, 2021. "Convivial innovation in sustainable communities: Four cases in France," Ecological Economics, Elsevier, vol. 181(C).
    3. McCann, Laura, 2013. "Transaction costs and environmental policy design," Ecological Economics, Elsevier, vol. 88(C), pages 253-262.
    4. Spash, Clive L. & Smith, Tone, 2019. "Of Ecosystems and Economies: Re-connecting Economics with Reality," SRE-Discussion Papers 2019/03, WU Vienna University of Economics and Business.
    5. 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.
    6. Clive L Spash, 2008. "Ecosystems Services Valuation," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2008-03, CSIRO Sustainable Ecosystems.
    7. Jiřina Jílková & Lenka Slavíková, 2009. "Ekonomie životního prostředí na rozcestí [Economics of the Environmental Protection on the Crossroad]," Politická ekonomie, Prague University of Economics and Business, vol. 2009(5), pages 660-676.
    8. 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.
    9. Clive L Spash, 2007. "Deliberative Monetary Valuation (DMV) in Practice," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2007-04, CSIRO Sustainable Ecosystems.
    10. Norgaard, Richard B., 2010. "Ecosystem services: From eye-opening metaphor to complexity blinder," Ecological Economics, Elsevier, vol. 69(6), pages 1219-1227, April.
    11. Kvakkestad, Valborg, 2009. "Institutions and the R&D of GM-crops," Ecological Economics, Elsevier, vol. 68(10), pages 2688-2695, August.
    12. Spash, Clive L., 2021. "The History of Pollution ‘Externalities’ in Economic Thought," SRE-Discussion Papers 2021/01, WU Vienna University of Economics and Business.
    13. Pirgmaier, Elke, 2017. "The Neoclassical Trojan Horse of Steady-State Economics," Ecological Economics, Elsevier, vol. 133(C), pages 52-61.
    14. 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.
    15. Buchs, Arnaud & Petit, Olivier & Roman, Philippe, 2020. "Can social ecological economics of water reinforce the “big tent”?," Ecological Economics, Elsevier, vol. 169(C).
    16. Spash, Clive L. & Vatn, Arild, 2006. "Transferring environmental value estimates: Issues and alternatives," Ecological Economics, Elsevier, vol. 60(2), pages 379-388, December.
    17. Vatn, Arild, 2009. "An institutional analysis of methods for environmental appraisal," Ecological Economics, Elsevier, vol. 68(8-9), pages 2207-2215, June.
    18. 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.
    19. Barton, D.N. & Kelemen, E. & Dick, J. & Martin-Lopez, B. & Gómez-Baggethun, E. & Jacobs, S. & Hendriks, C.M.A. & Termansen, M. & García- Llorente, M. & Primmer, E. & Dunford, R. & Harrison, P.A. & Tur, 2018. "(Dis) integrated valuation – Assessing the information gaps in ecosystem service appraisals for governance support," Ecosystem Services, Elsevier, vol. 29(PC), pages 529-541.
    20. Clive L Spash, 2009. "Social Ecological Economics," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2009-08, CSIRO Sustainable Ecosystems.

    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.