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No escape? The co-ordination problem in heritage conservation

Holman, Nancy and Ahlfeldt, Gabriel M. (2015) No escape? The co-ordination problem in heritage conservation. Environment and Planning A, 47 (1). pp. 172-187. ISSN 0308-518X

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Abstract

Conservation areas (CAs) represent a particularly restrictive type of English planning policy that seeks to ex-ante pin down some notion of what value is and how it should be practiced. Designation implies a significant limitation of owners’ control over the shape and appearance of their property and could be argued to run counter to the current push towards a growth dependent paradigm of planning. The policy, however, also may be viewed as a solution to a coordination problem that exists whereby it is collectively rationale to preserve the character of an area, but individually owners may be tempted to inappropriately alter their property, thus free-riding on nearby properties’ character. In this paper, applying a quantitative analysis of about 8000 CAs and close to 1 million property transactions in England and a qualitative analysis of nine CAs in Greater London, we illustrate that not only does regulation create a framework, which helps to overcome coordination problems in CAs, but that residents held and practiced wider more nuanced views of value(s) that allowed for exchange and value creation all the while permitting more multiple and complex economic practices to exist.

Item Type: Article
Official URL: http://www.envplan.com/A.html
Additional Information: © 2015 by SAGE Publications
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
Journal of Economic Literature Classification System: C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C78 - Bargaining Theory; Matching Theory
D - Microeconomics > D2 - Production and Organizations > D23 - Organizational Behavior; Transaction Costs; Property Rights
R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis > R52 - Land Use and Other Regulations
Sets: Departments > Geography and Environment
Research centres and groups > Spatial Economics Research Centre
Date Deposited: 11 Jul 2014 11:56
URL: http://eprints.lse.ac.uk/57599/

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