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100 _a Shih, Mi
_941119
245 _aCommodification of Development Rights and What It Does to the Urban Housing Market in Taiwan
260 _bSage,
_c2019.
300 _aVol 39, Issue 2, 2019 (194-205 p.)
520 _aThe enactment of the transfer of development rights (TDR) policy in Taiwan since the late 1990s is part of a broader trend of commodification and deregulation of development rights. This study examines the spillover effect of TDR on the sale prices of existing housing stock that constitutes the main housing market for the majority of urban residents. Three hedonic models, ordinary least squares (OLS) regression, quantile regression, and spatial lag regression, show that the presence of TDR utilization in real estate development is a significant price driver that generates a financial burden that disproportionally affects poor families.
650 _adevelopment rights,
_933404
650 _a commodification,
_941129
650 _a housing price
_941130
650 _aTDR,
_941131
650 _a Taiwan
_931515
700 _aChiang, Ying-Hui
_933943
700 _aChang, Hsiutzu Betty
_939753
773 0 _011153
_915496
_dSage, 2019.
_tJournal of Planning Education and Research
856 _uhttps://doi.org/10.1177/0739456X17737139
942 _2ddc
_cART