Purpose – To re‐examine the role of property management from an institutional economics perspective. Design/methodology/approach – The role of property management is explored by asking why property management has emerged from the first principle. Then, an analytical framework for property...

Purpose – To examine how the allocation of property rights in multiple‐ownership buildings in Hong Kong creates an environment in which the optimization of asset value may be difficult to achieve and in this situation how owners chose to overcome the associated problems of collective action...

Purpose – The purpose of this paper is to theorise on the nature of property management broadly understood as resource management and demonstrate the actual and potential contribution of innovative property management to sustainable development. Design/methodology/approach – The approach is...

Purpose – The purpose of this paper is to explore the idea of transplanting the institution of homeowner associations or similar to existing urban neighbourhoods in order to correct imbalances in patterns of incentives and responsibilities that threaten the liveability and sustainability of...

Purpose – This paper sets out to explore the concepts involved in sustainability by investigating the basic meanings of the terms, the primary principles involved and their application to practices of development. Design/methodology/approach – A perspective founded in natural science is...

Purpose – The purpose of this paper is to describe conventional top‐down planning as applied to land markets – and its limitations. Design/methodology/approach – The paper includes a brief survey of recent literature that sheds light on the argument and that puts property management into...

Purpose – The aim of this paper is to evaluate the impact of social discount rates on the economic significance of CO 2 mitigation in the benefit‐cost analysis of recent amendments of Building Regulations Part L. Design/methodology/approach – The benefit of mitigating CO 2 emission by...

Purpose – Effective irrigation management hinges upon effective collective action among farmers and irrigation managers. The purpose of this study is to examine how the institutional design of irrigation agency affects the incentives and ability of irrigation managers to do a conscientious job...

Purpose – The purpose of this paper is to outline the intellectual pre‐conditions for meaningful debate about resource management of the sea and its contents. Design/methodology/approach – The approach is historical and theoretical. Findings – The argument contends that because of the...