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Institutions in British Property Research: A Review

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  • Michael Ball

    (School of urban Development and Policy, South Bank University London, 202 Wandsworth Road, London, SW8 2JZ, England, UK, ballm@sbu.ac.uk)

Abstract

This paper surveys approaches to the study of institutions, as used in recent commercial property research in Britain. Institutional analysis can be approached from mainstream economics, power, structure-agency and structures of provision methodologies. Each is elaborated and evaluated. Important differences arise between them, which are related primarily to issues of theory and method rather than over whether institutions matter. Any particular piece of analysis has to make assumptions, and here it is true that many economic models have only limited, stylised institutional behaviour. Those that wish for more institutional input, however, have to demonstrate the greater explanatory power of doing so.

Suggested Citation

  • Michael Ball, 1998. "Institutions in British Property Research: A Review," Urban Studies, Urban Studies Journal Limited, vol. 35(9), pages 1501-1517, August.
    • Handle: RePEc:sae:urbstu:v:35:y:1998:i:9:p:1501-1517
    DOI: 10.1080/0042098984259
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    References listed on IDEAS

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    1. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
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