COST G9 - Modelling Real Property Transactions - A summary of references



Awareness of the institutional concept was communicated in van der Molen, 2003, who refers to Zevenbergen, 1999.

The ESF/COST research action: Modelling Real Property Transactions (COST G9, 2001-2005; costg9.plan.aau.dk) was theoretically based on the notion of institutions of D C North (1990), cf. Stubkjśr, 2003, referring also to Sevatdal, 1999, and ArruŮada, 2001.

Outcomes of the research is published in Auzins, 2004; Navratil, Frank, 2004; Gysting, Lavrac, and Stubkjśr, all 2005; in the proceedings of the joint COST Action G9 and  FIG Commission 7 workshop on Standardization in the Cadastral Domain, by Oosterom et al, 2005, and in the 'closing book': Zevenbergen et al, 2007

The latter includes methodologies for modelling basic property transactions: conveyance, subdivision, and mortgage, which were further applied in a joint Nordic project: Property formation in the Nordic countries (KMS, 2006, http://www.kms.dk/English/Danish+Cadastre/Property_formation/), in Lisec et al, 2008, and in Vaskovich, 2012.

Moreover, the research explored to institutional economics concept of transaction costs, related it to the UN Systems of National Accounts, and provided an initial assessment of property transaction cost for Denmark (Stubkjśr, 2005), for Finland (Vitikainen, 2007), and for selected countries (Lindquist, 2008).

References

ArruŮada, B., 2001. The enforcement of property rights: Comparative analysis of institutions reducing transactions costs in real estate Fifth Annual Conference of the International Society for New Institutional Economics (Not available; see e.g. ArruŮada, 2007)

ArruŮada, Benito. 2007. Market and institutional determinants in the regulation of conveyancers. European Journal of Law and Economics 23 (2) 93-116.

Gysting, C., 2005. The Treatment of Costs of Ownership Transfer in the Danish National Accounts. Nordic Journal of Surveying and Real Estate Research 2 (1) 37-48

Lavrac, I., 2005. Towards National Real Estate Accounts – The Case of Slovenia. Nordic Journal of Surveying and Real Estate Research 2 (1) 49-56

Lindqvist, S. 2008. Transaction costs for single-family houses: An international comparison. Nordic Journal of Surveying and Real Estate Research 5 (1).

Lisec, Anka, Miran Ferlan, Franc Lobnik, and Radoš Šumrada. 2008. Modelling the rural land transaction procedure Land Use Policy 25 (2) 286 - 297.


Navratil, G., Frank, A. U., 2004. Processes in a cadastre. Computers, Environment and Urban Systems 28 (5) 471–486.

Oosterom, P., Schlieder, C., Zevenbergen, J., Hess, C., Lemmen, C., Fendel, E. (eds), 2005. Standardization in the cadastral domain. Proceedings, International Federation of Surveyors. ISBN 8790907361. Cache

Sevatdal, H., 1999. Real estate planning: An applied academic subject. Kart og Plan 59 (3) 258 - 266.

Stubkjśr, E. 2003. Modelling real property transactions. In The ontology and modelling of real estate transactions., eds. H. Stuckenschmidt, E. Stubkjśr and C. Schlieder, 1-21. Ashgate Pub Ltd.

Stubkjśr, E. 2005. Accounting costs of transactions in real estate : the case of Denmark. Nordic Journal of Surveying and Real Estate Research 2 (1) 11-36.

Stubkjśr, E., Frank, A., Zevenbergen, J., 2007. Modelling real property transactions - An overview. In: Real property transactions: procedures, transaction costs and models., eds. Zevenbergen, J., Frank, A., Stubkjaer, E., 3 - 24. IOS Press.

van der Molen, Paul. 2003. Institutional aspects of 3D cadastres. Computers, Environment and Urban Systems 27 (4): 383 - 394.

Vaskovich, M. 2012. Real property processes: An explorative study of property institutions in Belarus. Doctoral Thesis. KTH.

Vitikainen, A., 2007. Transaction costs concerning real property - The case of Finland. In: Real property transactions: procedures, transaction costs and models., eds. Zevenbergen, J., Frank, A., Stubkjaer, E., 101-118. IOS Press.

Zevenbergen, J.A. (1999). Are Cadastres really serving the landowner? Delft NL: UDMS. http://www.udms.net/cms/index.php?page=_detail&symposium_year=1999&symposium_theme=1&pp=3

Zevenbergen, J., Frank, A., Stubkjaer, E. (eds.) 2007, Real property transactions: procedures, transaction costs and models. IOS Press. http://repository.tudelft.nl/assets/uuid:ce45bcf6-2cc8-46a3-9305-8526df914887/


Erik Stubkjśr, est@land.aau.dk, July 2012