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No escape? The coordination problem in heritage preservation

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

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Identification Number: 10.1068/a130229p

Abstract

Conservation 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 ‘prisoner's dilemma’, in which it might be collectively rational 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.

Item Type: Article
Official URL: http://www.envplan.com/A.html
Additional Information: © 2015 by SAGE Publications
Divisions: Geography & Environment
Spatial Economics Research Centre
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: 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
Last Modified: 20 Oct 2020 04:39
URI: http://eprints.lse.ac.uk/id/eprint/57599

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