THE ADVERSE IMPACTS OF LOCAL HISTORIC DESIGNATION - THE CASE OF SMALL APARTMENT BUILDINGS IN PHILADELPHIA

被引：43

作者：

ASABERE, PK ^{[1
]}

HUFFMAN, FE ^{[1
]}

MEHDIAN, S ^{[1
]}

机构：

[1] OHIO STATE UNIV,NEWARK,OH 43055

来源：

JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS | 1994年 / 8卷 / 03期

关键词：

ADVERSE IMPACTS; LOCAL DESIGNATION; HISTORIC PRESERVATION; PUBLIC CHOICE;

D O I：

10.1007/BF01096993

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper examines the sales effects of local historic preservation. Using the hedonic framework our study shows that small historic apartment buildings experienced a 24% reduction in price compared to nonlocally certified properties. Our variable for federal historic districts, however, produced statistically insignificant results. The results suggest that historic control (as practiced in Philadelphia) is confiscatory. The study illustrates an outcome of public regulation that impinges on private property rights.

引用

页码：225 / 234

页数：10

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