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. Stubkjær,
2003, referring also to Sevatdal, 1999, and Arruñada, 2001.
Outcomes of the research is published in Auzins, 2004; Navratil, Frank,
2004; Gysting,
Lavrac, and Stubkjær, 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 (Stubkjær, 2005), for Finland (Vitikainen, 2007), and for
selected countries (Lindquist, 2008).
References
Arruñada, 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. Arruñada, 2007)
Arruñada,
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.
Stubkjær, E. 2003. Modelling real property
transactions. In The ontology and modelling of real estate
transactions., eds. H. Stuckenschmidt, E. Stubkjær and C.
Schlieder, 1-21. Ashgate Pub Ltd.
Stubkjær, 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.
Stubkjær, 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 Stubkjær, est@land.aau.dk, July 2012