The Economics of Urban Property Markets by Paschalis Arvanitidis - 9780367669447

The Economics of Urban Property MarketsAn Institutional Economics Analysis\nAuthor(s): Paschalis Arvanitidis\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367669447, 978-0367669447\nSynopsis\nThis book examines the relationship between the property market and urban economy. The stimulus for this work was provided by the seemingly ever-accelerating process of urban economic change and the noticeable failure of existing studies to adequately explore the pivotal role that the property market plays in this process. \n\nDrawing on institutional economics, the central argument of the book is that the property market as an institution is a mediator through which urban economic potential can be realised and served. In developing this argument, the book provides a critical realist ontological framework that advances understanding of the institutional structure of the economy and the complex interrelation between the institutional env.