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Who Owns the City, and Why Should We Care?

Author

Listed:
  • Mohammad Ismail

    (Department of Real Estate and Construction Management, Division of Real Estate Economics and Finance, Royal Institute of Technology (KTH), SE-100 44 Stockholm, Sweden)

  • Abukar Warsame

    (Department of Real Estate and Construction Management, Division of Real Estate Economics and Finance, Royal Institute of Technology (KTH), SE-100 44 Stockholm, Sweden)

  • Mats Wilhelmsson

    (Department of Real Estate and Construction Management, Division of Real Estate Economics and Finance, Royal Institute of Technology (KTH), SE-100 44 Stockholm, Sweden)

Abstract

Who owns the city, and why is it important to know? The city constantly makes decisions that affect municipal residents regarding municipal services, land use, and financing. The cost is often linked directly to the municipal residents, but the benefits of some decisions directly affect the property owners and only indirectly affect the municipal residents. On the other hand, the property owners can be residents in the city or the country, but they can also be foreign property owners. Therefore, the distribution of costs will differ from the distribution of benefits. The study aims to investigate and analyse real estate owners in some focus areas in the Stockholm municipality in terms of nationality, patterns of real estate usage, area of properties, and the nature of ownership.

Suggested Citation

  • Mohammad Ismail & Abukar Warsame & Mats Wilhelmsson, 2022. "Who Owns the City, and Why Should We Care?," Land, MDPI, vol. 11(4), pages 1-16, March.
    • Handle: RePEc:gam:jlands:v:11:y:2022:i:4:p:459-:d:778178
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    References listed on IDEAS

    as
    1. Helen Scarborough & Jeff Bennett, 2012. "Cost–Benefit Analysis and Distributional Preferences," Books, Edward Elgar Publishing, number 14376.
    2. John B. Loomis, 2013. "Incorporating distributional issues into benefit–cost analysis: why, how, and two empirical examples using non-market valuation," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 9, pages 294-316, Edward Elgar Publishing.
    3. Loomis, John B., 2011. "Incorporating Distributional Issues into Benefit Cost Analysis: Why, How, and Two Empirical Examples Using Non-market Valuation," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 2(1), pages 1-24, January.
    4. Warren R. Seyfried & Burton A. Appelo, 1966. "Land Tenure in the Central Business District," Land Economics, University of Wisconsin Press, vol. 42(2), pages 171-178.
    5. Ismail, Mohammad & Warsame, Abukar & Wilhelmsson, Mats, 2020. "Do segregated housing markets have a spillover effect on housing prices in nearby residential areas?," Working Paper Series 20/6, Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance.
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    More about this item

    Keywords

    distributional cost–benefit analysis; property owners; landowners;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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