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Wyświetlanie 1-2 z 2
Tytuł:
Fair and effective compensation of loss in restricted use areas surrounding airports in Poland
Autorzy:
Foryś, Iwona
Habdas, Magdalena
Konowalczuk, Jan
Powiązania:
https://bibliotekanauki.pl/articles/96443.pdf
Data publikacji:
2019
Wydawca:
Fundacja Ekonomistów Środowiska i Zasobów Naturalnych
Tematy:
compensation value
public intervention
transaction cost
negative externality
airport noise
wartość rekompensaty
interwencja publiczna
koszt transakcji
negatywny efekt zewnętrzny
hałas na lotnisku
Opis:
The intervention on the real estate market through a restricted use area (RUA) surrounding an airport changes the situation of the parties to the conflict and determines the manner of resolving the dispute, which is caused by noise externalities. The state, as a third party to the contract, influences the level of transaction costs on the real estate market. The aim of the publication is to present and compare the concepts of compensating loss relating to residential real estate located within RUAs surrounding airports according to the market value and fair value, as well as to present the methodology and estimates of social costs related to this kind of intervention. The methodological perspective is an effectiveness (market) based justifi cation of the intervention derived from R. Coase’s views, which are subject to critical assessment. Legal and economic deliberations are presented on the basis of studies, conducted in 2016-2018 for 5 largest Polish airports (according to the number of passengers), regarding the assessment of loss compensation in RUAs in the case of residential, single-family houses. The results of empirical research and the case study concern one airport, namely Poznań – Ławica. Theoretical considerations focus on comparing and searching for a legal, economic, and social justifi cation of utilizing two bases of valuation, namely: market value and fair value. The methodology of research has been arranged with the use of R.A. Posner’s approach. The discussion is divided into two parts: an analysis of the regulating element (the legal system) and the changes of the real estate market conditions from the point of view of price and cost levels after the implementation of a RUA.
Źródło:
Ekonomia i Środowisko; 2019, 3; 87-113
0867-8898
Pojawia się w:
Ekonomia i Środowisko
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Compensation due to land use restrictions: the case of limited use area in the vicinity of Polish airports
Autorzy:
Foryś, Iwona
Głuszak, Michał
Konowalczuk, Jan
Powiązania:
https://bibliotekanauki.pl/articles/19101054.pdf
Data publikacji:
2019
Wydawca:
Instytut Badań Gospodarczych
Tematy:
compensation value
court procedure duration
public intervention
land use
negative externalities
airports
Opis:
Research background: The economic benefits that arise with the development of airport infrastructure are accompanied by negative externalities. Legal, technical and institutional instruments are used to mitigate or limit these effects. It involves state intervention in the use of real estate located in the vicinity of the airport, and the cost of such an intervention. On the other hand, as a result of state interventions, real estate market mechanisms are distorted. The balance on the market, prices and as a result the number of transactions is changing. Purpose of the article: The study evaluates adaptive efficiency, which is known as the ability of the real estate market system to adapt to the purpose of public intervention. The effectiveness of state intervention is measured as the difference between market transaction costs and costs after intervention. The former means the full coverage of all individual claims of property owners at market prices. However, after the intervention, these are costs of compensation and litigation (judicial, expert opinions, provisions for payment of damages), as well as the risk of the airport's insolvency. The state intervention system is also assessed through the prism of the lack of a methodology for assessing damages and subjective claims of property owners. The article focuses on the effects of the negative impact of airport noise resulting in limitations to residential buildings' usability and depreciation of their market value. The study is based on the example of one regional airport. Methods: The study evaluates the current compensation model related to the introduction of Limited Land Use Areas around airports in Poland, based on Poznan-Lawica airport case study. In the empirical part of the paper, we use regression analysis to examine the value of compensations for loss of property value ruled by courts, and duration analysis to explore court procedure duration time. Findings & Value added: This research is one of the important basic research on socio-spatial connection near an airport in Poland. We argue that the current practice related to compensation ruled by courts has substantial flaws (including the methodical error regarding the valuation of claims, where acoustic damage and value loss claims are treated as unrelated, thus both compensations are independently assessed). With the help of the Cox model, we demonstrate that the long distance from the airport and the location within the LUA increase the likelihood of court proceedings ending. The results are important due to the pending disputes and the costs threatening the functioning of airports in Poland.
Źródło:
Oeconomia Copernicana; 2019, 10, 4; 649-667
2083-1277
Pojawia się w:
Oeconomia Copernicana
Dostawca treści:
Biblioteka Nauki
Artykuł
    Wyświetlanie 1-2 z 2

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