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Paper eres2011_155:
Willingness to Participate in Collective Action: The Case of Multi-owner Housing Management

id eres2011_155
authors Yau, Yung
year 2011
title Willingness to Participate in Collective Action: The Case of Multi-owner Housing Management
source 18th Annual European Real Estate Society Conference in Eindhoven, the Netherlands
summary Management of multi-owner housing is never straightforward because of the need for collective homeowner action. Mancur Olson suggests that a rational individual will not participate in collective action which provides no positive net benefit for him or her. Based on this premise, it would seem that rationality drives homeowners to free-ride on others’ efforts and that, as a result, no collective action will take place. However, some homeowners do actively participate in housing management, and it is worthwhile to examine why some participate and others do not. Building on the wide-ranging applications of the collective interest model (CIM) in explaining political participation and environmental activism, this paper expands its relevance to the arena of housing management. The explanatory analysis which is based on the findings of a structured questionnaire survey in Hong Kong corroborates the central propositions of the CIM and provides a theoretical account of homeowners’ willingness to participate (WTP) in housing management. In brief, the WTP is a function of beliefs about personal and group efficacy, the value of the collective good, and the selective benefits and costs of participation. These findings have far-reaching implications for the formulation of government policies promoting homeowners’ active involvement in housing management in Hong Kong and other megacities.
keywords Collective interest model, residential participation, rational choice, housing management
series ERES:conference
content file.pdf (148,334 bytes)
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ratings Ratings: 5
session F5: Property Management (I)
last changed 2014/10/21 21:51
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