How do landowners price their lands during land expropriation and the motives behind it : an explanation from a WTA/WTP experiment in Central Beijing

Auteur(s) et Affiliation(s)

HE, Z.

Dept. of Urban Planning and Design, Univ., Nanjing, Chine

ASAMI, Y.

Centre for Spatial Information Science, Univ. of Tokyo, Chiba, Japon

Description :
This paper estimates and discusses the ‘willingness to accept–willingness to pay’ (WTA–WTP) gap for surveyed residents of their own houses during land expropriation in central Beijing, China. It reaches the conclusion that in our case the high compensation required by property owners largely derives from opportunistic pricing behaviour rather than sentimental attachment to the dwellings that is unobservable in the market price, and that the WTA of the residents is intentionally overpriced.

Type de document :
Article de périodique

Source :
Urban studies (Harlow), issn : 0042-0980, 2014, vol. 51, n°. 2, p. 412-427, nombre de pages : 16, Références bibliographiques : 2 p.

Date :
2014

Editeur :
Pays édition : Royaume-Uni, Harlow, Longman Group

Langue :
Anglais