No escape? The co-ordination problem in heritage preservation
AbstractConservation areas (CAs) are among the most restrictive English planning policies. Designation implies a significant limitation of owners’ control over the shape and appearance of their properties. The policy, however, can also be argued to solve a sort of ‘prisoners’ dilemma’, in which it might be collectively rationale to preserve the character of an area, but an individual homeowner may be tempted to inappropriately alter their property, thus free-riding on nearby properties’ character. The net-benefit of the policy depends largely on the existence of positive ‘heritage effects’ and acknowledgement from homeowners that policy contributes to neighbourhood stability and the preservation of these positive effects. Our results of a mixed-method analysis of close to 1 million property transactions near to about 8000 CAs and 111 interviews with residents in nine representative CAs in Greater London suggest that positive heritage externalities exist and that residents in CAs tend to value their local environments, acknowledge the need for planning control and execute their right to object to neighbour’s planning request.
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Bibliographic InfoPaper provided by London School of Economics and Political Science, LSE Library in its series LSE Research Online Documents on Economics with number 53936.
Length: 38 pages
Date of creation: Oct 2013
Date of revision:
designation; England; heritage; property value; prisoner’s dilemma;
Other versions of this item:
- Gabriel M. Ahlfeldt & Nancy Holman, 2013. "No Escape? The Co-ordination Problem in Heritage Preservation," SERC Discussion Papers 0145, Spatial Economics Research Centre, LSE.
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gabriel Ahlfeldt, 2011. "If Alonso Was Right: Modeling Accessibility And Explaining The Residential Land Gradient," Journal of Regional Science, Wiley Blackwell, vol. 51(2), pages 318-338, 05.
- Gabriel Ahlfeldt & Kristoffer MÃ¶ller & Sevrin Waights & Nicolai Wendland, 2012.
"On prisoner's dilemmas and gilded cages: The economics of heritage preservation,"
ERSA conference papers
ersa12p783, European Regional Science Association.
- Gabriel M. Ahlfeldt & Kristoffer Möller & Sevrin Waights & Nicolai Wendland, 2014. "Game of Zones: The Political Economy of Conservation Areas," CESifo Working Paper Series 4755, CESifo Group Munich.
- Gabriel Ahlfeldt & Kristoffer Moeller & Sevrin Waights & Nicolai Wendland, 2013. "The economics of conservation area designation," ERSA conference papers ersa13p87, European Regional Science Association.
- Gabriel M. Ahlfeldt & Kristoffer Moeller & Sevrin Waights & Nicolai Wendland, 2013. "Game of Zones: The Economics of Conservation Areas," SERC Discussion Papers 0143, Spatial Economics Research Centre, LSE.
- Richter, Felix & Ahlfeldt, Gabriel & Maennig, Wolfgang, 2013.
"Urban renewal after the Berlin Wall,"
Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order
79789, Verein für Socialpolitik / German Economic Association.
- Gabriel Ahlfeldt & Wolfgang Maennig & Felix J. Richter, 2013. "Urban Renewal after the Berlin Wall," CESifo Working Paper Series 4506, CESifo Group Munich.
- Gabriel M. Ahfeldt & Wolfgang Maennig & Felix J. Richter, 2013. "Urban Renewal after the Berlin Wall," SERC Discussion Papers 0151, Spatial Economics Research Centre, LSE.
- Gabriel M. Ahlfeldt & Wolfgang Maennig & Felix J. Richter, 2013. "Urban Renewal after the Berlin Wall," Working Papers 049, Chair for Economic Policy, University of Hamburg.
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