The impact of institutional arrangements on the transaction price of informal housing : evidence from Shenzhen, China

Author(s):  
Yaoxuan Huang
2021 ◽  
Vol 20 (1) ◽  
pp. 45-66
Author(s):  
Marco Meyer

Politicians around the globe wrangle about how to deal with trade imbalances. In the Eurozone, members running a trade deficit accuse members running a surplus of forcing them into deficit. Yet political philosophers have largely overlooked issues of justice related to trade imbalances. I address three such issues. First, what, if anything, is wrong with trade imbalances? I argue that in monetary unions, trade imbalances can lead to domination between member states. Second, who should bear the burden of rebalancing trade? I argue that surplus and deficit countries should share that burden. The current situation placing the burden squarely on deficit countries is unjust. Third, which institutional arrangements should monetary unions adopt to regulate trade balances? Monetary unions can either reduce trade imbalances within the monetary union, neutralise the impact of trade imbalances on the economic sovereignty of member states, or delegate economic policy affecting trade balances to a legitimate supranational institution. The Eurozone must adopt one of these options to prevent member states from domination. Which option protects members best against domination depends on what makes interference between members arbitrary, an unresolved question in republican theories of justice.


2018 ◽  
Vol 10 (1) ◽  
pp. 81-94
Author(s):  
Jelena Radosavljević

This paper aims to open up a discussion about relations between former Yugoslavia's socialism and planning practice resulting from self-managing system established in early 1950s. Although this system was applied through a top-down approach, it implied, at least allegedly, coordination, integration and democratic harmonisation of particular interests with common and general ones on local level. The paper will briefly review the history and concept of socialist ideology and consider the impact that it had on institutional arrangements evolution and planning practice in Serbia. It will then touch on the role of ideology for urban planning process at the local level, understanding self-managing planning principles, their benefits, role and significance in planning practice.


2019 ◽  
Vol 39 (9/10) ◽  
pp. 796-811
Author(s):  
Emmanuel Mastio ◽  
Kenneth Dovey

Purpose The purpose of this paper is to contribute to the understanding of the role of abstract forms of power in organizational change by exploring the role of such forms of power in the recent structural transformation of an iconic Australian Intellectual Property law firm. The research literature reflects relatively few studies on the increasing complexity of power dynamics in organizational and institutional arrangements. Design/methodology/approach The complexity of the investigated phenomena led to the adoption of three qualitative methods in order to access the specific forms of data that were perceived to be relevant to answering the research question (“How did abstract power dynamics influence the nature and outcomes of the firm’s structural transformation?”). Ethnography was used in the attempt to discern, through participation and observation, the assumptions that manifested in action and/or inaction; phenomenology in the exploration through unstructured interviews with 41 staff members and 4 clients of the firm, of their interpretation and “sense-making” of their “lived experience” of “what was going on” in the firm; and narrative enquiry in establishing a narrative of critical events, and their impact on “what was going on” in the firm, including those that had occurred over the years prior to this research initiative. Findings The research shows the effects of contradicting forms of abstract power (namely, hegemonic (ideological) power, dominant institutional logic and structural power) as the firm struggled to address challenges to its existence. The impact of these forms of power upon the partners’ apprehension and interpretation of the emerging challenges to the firm’s business performance remained inconspicuous throughout the period of transformation. However, these contradictory forms of abstract power insidiously created tensions within the organization which were poorly addressed, resulting in organizational dysfunction and destructive sectarian conflict. The results show that the inability of partners to discern the nature of the forms of power which were influencing their responses to the crisis was a consequence of under-developed collectively reflexive capabilities and an absence of collaborative problem-solving practices. This resulted in a negative outcome for the firm. Research limitations/implications The research has significant implications for collective endeavor in global business operations that are becoming increasingly complex. In particular, the complexity of power relations, as insidious ideological forces supported by ubiquitous technologies threaten to subsume agentic power in ways that domesticate and neutralize it, requires the development of sophisticated forms of collective ways of “working with power” – capabilities that include the ability to demystify the abstract forms of power that can shape the experience of social realities as “inevitable and natural.” Further research into these forms of power, and the surreptitious role they play in organizational arrangements, is an important requirement. With respect to limitations, as the research is located in the interpretivist research paradigm, the issue of interpretation is problematic. A strong effort was made to limit unwitting interpretive bias but the possibility of such bias cannot be ruled out, especially as, in some cases, the data are an interpretation of prior interpretations of events and/or experiences (as, e.g., in the interview data). Practical implications Working constructively with various forms of power is becoming a critical capability within organizations. This has implications for the relational and communicative skills that underpin effective collaboration of staff and other stakeholders. Such collaboration needs to include the collective ability to make explicit through critical dialogue the surreptitious influence of abstract forms of power upon the prevailing organizational arrangements and routines. To achieve this, these forms of power have to become demystified through constructive critique of the taken-for-granted aspects of everyday organizational life. This has important implications for leadership development practices and educational programs. Social implications Unless leaders develop the ability to make the influences of abstract forms of power more conspicuous, and develop collaborative capabilities to work with insight into their management, they run the risk of agentic power becoming subsumed and neutralized by such forms of power. This has important implications for organizational agency and, especially, for the creative agency of the individuals who work within organizations. On a broader scale, it has implications for institutional arrangements and for the critical apprehension of global ideologies. Originality/value Studies of abstract forms of power are relatively rare in the research literature. This is probably a result of the long-standing dominance of positivism, with its realist ontological assumptions and its objectivist epistemological assumptions. In exploring the influence exerted by abstract forms of power on the inability of the partners of a professional services firm to apprehend their situation more accurately, and to interpret their strategic options with greater insight, this research makes an original contribution to the understanding of the influence of abstract power dynamics in organizational change, and in organizational arrangements more generally.


2020 ◽  
Vol 12 (2) ◽  
pp. 709 ◽  
Author(s):  
Katarína Melichová ◽  
Lukáš Varecha

All over Europe, but especially in post-communist countries, the institutional environment has been undergoing major changes. In Slovakia, regaining their autonomy has led local governments on the path of fragmentation, unsustainably high expenditures for the provision of public services, and an increase in transaction costs. Current policies targeting these issues are heavily focused on intermunicipal cooperation (IMC). Based on four case studies of different institutional arrangements, this paper aims to investigate which endogenous political, institutional, cultural, and geographic factors influence cooperation among Slovak municipalities. Through the application of social network analysis and regression analysis, we reached several relevant conclusions. A number of common assumptions were confirmed, namely that population size and heterogeneity play a major role, but also that the impact of political affiliation as a deciding factor of IMC is not as straightforward as previous evidence suggested. Results also underline the importance of cross-sectoral partnerships such as the EU’s LEADER initiative as a viable alternative to more traditional forms of IMC (but with some limitations).


2009 ◽  
Vol 59 (1) ◽  
pp. 153-163
Author(s):  
L. M. Farrell

Abstract The results of any analysis of local real estate markets must be qualified interms of the long run equilibrium conditions assumed in the study. Such propertycharacteristics as: non homogeneity, durability, length of response lag time, etc.,are frequently suggested as major factors which contribute to the inefficiency ofreal estate markets. Periods of prolonged exogeneous inflationary expectations,which may be indicated by changes in the Consumer Price Index (CPI), addfurther complexity to the analysis of real estate markets. This paper presents a brief discussion of the factors which influence thesupply and demand for Real Estate. Special reference is made to the City ofTrois-Rivières, Québec, which is analysed over the ten year period 1971 to 1981. In this market the impact of changes in income on long run demand would appearto be negative. The effect of demographic factors, particularly population in the25 to 34 year age group, is not clear. There is some indication of a shift in supplyacross submarkets over the 1976-1979 time period. Price changes, measured in current dollars using the Multiple Listing Service(MLS) average transaction price, increased approximately 200 per cent over arelatively short period in the early 1970s. Most of this appreciation appears tohave been lost over the longer time period of the study. Average MLS transaction price, adjusted for inflation, fluctuated between$12,000 and $28,000 over the same period. After appropriate qualification of the results, in terms of the data and themethodology used to analyse the data, it would appear that housing prices in theaggregated Trois-Rivières market have not increased appreciably in current orconstant dollars over the period 1971-1981 although this may not have been thecase in particular submarkets.


2021 ◽  
Author(s):  
Samira Behrooz

Toronto is growing and attracting new population. Given that housing is a basic human need, Toronto’s population growth indicates a rising demand for housing. Meanwhile, spatial polarization of income is increasing in the city. Using Hulchanski’s illuminating study outlining those low and middle income households initially lived in the core of the city, near to transit networks and currently they cannot due to the high costs of housing this research investigates the physical and spatial capacity of a Toronto neighbourhood to increase affordable housing close to public transit while maintaining the physical character of the neighbourhood. As a means to address this affordable housing crisis laneway and informal housing is studied and the impact of these on the urban fabric, morphology, of neighbourhoods is studied. This research paper utilizes a mixed methods approach using semi-structured interviews, field research, spatial analysis and mapping, and the development of scenarios to test laneway and informal housing paradigms. This research concludes that: 1) informal housing and laneway housing can increase density while maintaining the physical character of a neighbourhood, 2) Toronto has an under-utilized laneway system that is a missed opportunity to increase density, 3) The current density limit for stable neighbourhoods defined by Toronto’s Zoning By-law is not realistic and there is a potential for increasing density limit while retaining the integrity of neighbourhood character, 4) Four to six storey laneway developments can create a new distinct character in laneways without changing street character.


2020 ◽  
Vol 16 (3) ◽  
Author(s):  
Mike Reid

The social and economic impact of a pandemic like Covid-19 was always going to require a multi-government response, and so it was in New Zealand. Despite the complexity that has historically characterised intergovernmental relationships, the impact of Covid-19 saw institutional arrangements quickly put in place that enabled a joined-up response from both local and central government. This article looks at how these arrangements worked and how they contributed to the provision of essential services through all levels of the lockdown.


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