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Decision to make a HOA: Empirical evidence

Author

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  • Borisova, Ekaterina

    (National Research University Higher School of Economics (HSE), Moscow)

Abstract

The 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.

Suggested Citation

  • Borisova, Ekaterina, 2011. "Decision to make a HOA: Empirical evidence," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 24(4), pages 48-57.
    • Handle: RePEc:ris:apltrx:0101
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    References listed on IDEAS

    as
    1. John F. Helliwell & Robert D. Putnam, 2007. "Education and Social Capital," Eastern Economic Journal, Eastern Economic Association, vol. 33(1), pages 1-19, Winter.
    2. Borisova, Ekaterina I. & Peresetsky, Anatoly & Polishchuk, Leonid, 2010. "Stochastic frontier in non-profit associations’ performance assessment (the case of homeowners’ associations)," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 20(4), pages 75-101.
    3. Araral Jr., Eduardo, 2009. "What Explains Collective Action in the Commons? Theory and Evidence from the Philippines," World Development, Elsevier, vol. 37(3), pages 687-697, March.
    4. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2010. "Civic Capital as the Missing Link," NBER Working Papers 15845, National Bureau of Economic Research, Inc.
    5. Oriana Bandiera & Iwan Barankay & Imran Rasul, 2005. "Cooperation in collective action," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 13(3), pages 473-498, July.
    6. L. Polishchuk & E. Borisova & A. Peresetsky., 2010. "Managing Common Property in Russian Cities: An Economic Analysis of Homeowners Associations," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 11.
    7. Michael Spence, 1973. "Job Market Signaling," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 87(3), pages 355-374.
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    Cited by:

    1. Borisova, Ekaterina I. & Polishchuk, Leonid & Peresetsky, Anatoly, 2014. "Collective management of residential housing in Russia: The importance of being social," Journal of Comparative Economics, Elsevier, vol. 42(3), pages 609-629.

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    More about this item

    Keywords

    homeowners associations; social capital; collective action problem; housing and communal services reform;
    All these keywords.

    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 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Other

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