THE IMPACT OF CRIME ON APARTMENT PRICES: EVIDENCE FROM STOCKHOLM,SWEDEN

This study uses data of about 9,000 apartment sales in Stockholm, Sweden, to assess the impact of crime on property prices. The study employs hedonic pricing modelling to estimate the impact of crime controlling for other factors (property and neighbourhood characteristics). Geographic Information System (GIS) is used to combine apartment sales by coordinates with offences, land use characteristics and demographic data of the population. The novelty of this research is threefold. First, it explores a set of land use attributes created by spatial techniques in GIS in combination with detailed geographical data in hedonic pricing modelling. Second, the effect of crime in neighbouring zones at one place can be measured by incorporating spatial lagged variables of offence rates into the model. Third, the study provides evidence of the impact of crime on housing prices in a capital city of a traditional welfare state, information otherwise lacking in the international literature. Our results indicate that apartment prices in a specific area are strongly affected by crime in its neighbouring zones, regardless of crime type. When offences were broken down by types, residential burglary, theft, vandalism, assault and robbery individually had a significant negative effect on property values. However, for residential burglary such an effect is not homogenous across space, and apartment prices in central areas are often less discounted by being exposed to crime than those in the city's outskirts.     

Financialization of hotel corporations in Spain

One of the cutting-edge topics being currently debated in social sciences is the impact of financialization on corporations and on different geographical contexts. Surprisingly enough, there have been very few studies that have explicitly dealt with this issue within tourism studies. In this paper, the issue of financialization within tourism is addressed through an analysis of hotel corporations. Taking a case-study approach, it is argued that Spanish hotel chains are increasingly becoming financialized since a minimization of the impact of global financial crisis on these corporations is urgently required. The argument is not that hotel corporations’ financialization is necessarily new, but rather that the impact of the global financial crisis has led to an intensification of this very process. Taking as case studies the three largest Spanish hotel corporations (Meliá Hotels International, NH Hoteles and Grupo Barceló), the current crisis-led hotel financialization is dealt through four interrelated spheres: (1) built environment (hotel buildings property becoming controlled by financial funds), (2) actors (emergence of new agents as a result of hotel corporations intertwining with financial corporations), (3) hotel profit extraction (reliance on the secondary circuit of capital), (4) financial engineering instruments (forms of fictitious capital that are new in the context of hotel corporations). The article shows how the process of financialization of hotel corporations illustrates broad trends of both financialization and capital accumulation. Specifically, the main findings are on one hand, that financialization not only fixes capital on the ground, but also creates liquidity. On the other hand, that the selling of property titles is an increasing profit niche with differentiated geographical locations. The last significant finding is that financialization helps to improve profitability of non-financia corporations such as hotel chains.     

传统氧化去污材料对纸张化学性能影响研究

纸张的化学性能决定着纸张的寿命,通过测试纸张的化学性能可以了解纸张的耐久性。为了解传统氧化去污材料对纸张化学性能影响,采用4种氧化去污材料H2O2、Na Cl O、KMn O4-H2C2O4、氯胺-T,分别处理纸张后,再进行干热老化,通过测定处理前后各纸张样品的纤维素含量、木素含量、铜价以及羧基含量,并与空白样品进行比较。结果表明,4种材料中,KMnO_4-H_2C_2O_4处理的纸张,化学性能变化较大,在字画清洗过程中尽量不采用;氯胺-T处理的纸张,化学性能变化较小。研究结果提示,清洗前后纸张的纤维素含量、木素含量、铜价、羧基含量等化学性质对纸张的长期保存具有重要意义,同时对于纸质文物污斑清洗材料的选择具有一定的借鉴作用。     

官僚主义的文化探源及治理对策选择

官僚政治是体制性官僚主义的表现形态,在政治体制上表现为政府权力不受制约,具有侵犯公民自由和权利的倾向,政府机构官僚主义的泛滥成为必然。在这种政治体制后必定具有特定的文化精神为支撑,封建官僚政治的传统文化精神里的重大缺陷在于缺乏民主的意识和精神,因此民主是防治官僚主义的最佳对策选择。以民主的方式防治官僚主叉是一个如何在政府与个人、集体与个人之间寻求最佳平衡的过程。     

我国国有饭店产权退出战略

我国国有饭店产权退出战略是国有饭店改革的重点,通过实施国有饭店产权的部分退出或整体退出战略,采用协商买断、公开拍卖、购并和MBO等策略,能实现国有资产的顺利退出,使国有饭店完全走市场化发展的道路。     

网络虚拟财产的法律保护

网络产业已经成为我国重要的经济增长点,但是,在我国网络上的虚拟财产并没有得到有效的保护,究其原因在于现行法律没有对虚拟财产的合法性作出明确规定,相关法律法规对网络虚拟财产的保护还是一片空白。因此,本文在对虚拟财产进行法律界定的基础上,对虚拟财产的法律保护进行了初步探讨。     

EPISCOPAL ECONOMICS

It has been common to view the Icelandic economy either from the perspective of the individual farm in terms of its productivity or at the national scale in terms of trade and the role of imports/exports. Given the fact that the economy was largely a tenant-based system with a small number of landowners, there is an important middle ground between the household economics of individual farms and the state-sanctioned trade structures that needs to be explored. The objective of this paper is to examine this middle ground and the way the economy was structured in relation to property ownership and tenancy using the case study of the bishopric of Skálholt during the 17th and 18th centuries. Adopting a modified system of provision approach, three scales of analysis are adopted: the settlement itself, the immediate environs and finally the wider regional property network. Tracing the connections outward at successive scales reveals the complex nature of the economic infrastructure behind one of the largest landowners in Iceland at this time.     

Too late to buy a home? School redistricting and the timing and extent of capitalization

In the past 50 years, a voluminous literature estimating the value of schools through capitalization in home prices has emerged. Prior research has identified capitalization using a variety of approaches including discontinuities caused by boundaries. Here, we use changes in school boundaries and the opening of a new school in Fayette County (Lexington), Kentucky to identify this capitalization. Critical to properly estimating the effect of redistricting is to account for when information on redistricting is available. We treat the information about the effects of zoning as occurring in three stages: announcement of the intent to open the new high school and redistricting, approval of the specific redistricting plan (map), and implementation (opening of the new high school and actual changes in boundaries). We find significant changes in values for homes redistricted from lower-performing schools and we find that this capitalization occurs well before implementation of the redistricting. As we show, failure to account for capitalization occurring before implementation will attenuate and even change the sign of capitalization.     

Inter‐Indigenous development aid: markets,corporations, and biases

The Canadian government and the Meadow Lake Tribal Council sponsored a forest extraction corporation in eastern Nicaragua that restructured 16 Miskitu and Mayangna villages and transformed local human‐environment interactions. The Central American aid project demonstrated paternalistic and interventionist tendencies and exposed biases in inter‐Indigenous aid that rendered it inseparable from conventional aid. This case encourages reflection on social and ecological impacts from the marketing of collective resources, the creation of Indigenous development corporations, and the decision‐making criteria and processes driving foreign aid. The case study demonstrates how foreign aid programs targeting Indigenous Peoples may actually thwart the self‐determination that they set out to encourage. Aid agencies and business partners, who had limited knowledge of local cultures and institutions, created externally defined rules that instigated resource conflicts and undermined the authority of customary leaders without resolving poverty or uneven development.