Decision to make a HOA: Empirical evidence
AbstractThe data of 82 homeowners associations (HOAs) in Moscow and Perm regions that underpin HOA formation are studied. Physical conditions of the housing stock, size of the buildings and socio-economic parameters of homeowners’ community are revealed; ability of tenants to resolve the collective action problem in operating housing infrastructure is shown to be of primary importance. Thus HOA formation by homeowners is a signal of their ability to manage a house. Wealth and education also matter for the decision to make a HOA.
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Bibliographic InfoArticle provided by Publishing House "SINERGIA PRESS" in its journal Applied Econometrics.
Volume (Year): 24 (2011)
Issue (Month): 4 ()
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Web page: http://appliedeconometrics.cemi.rssi.ru/
homeowners associations; social capital; collective action problem; housing and communal services reform;
Find related papers by JEL classification:
- C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- P29 - Economic Systems - - Socialist Systems and Transition Economies - - - Other
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