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Behavioural insights into housing relocation decisions: the effects of the Beijing Olympics

Wang, Mei; Bao, Helen X.H.; Lin, Pin-te

Description

This article examines the impact of mega events on Beijing housing market from a behavioural perspective. By exploring the situation surrounding the Beijing 2008 Summer Olympics, we analyse the relationship between mega-event regeneration and expected residential relocation outcomes. Our findings suggest that Beijing Olympic regeneration caused disadvantaged groups to anticipate relocation to undesirable areas, as a result of improved infrastructure, public security, and urban...[Show more]

dc.contributor.authorWang, Mei
dc.contributor.authorBao, Helen X.H.
dc.contributor.authorLin, Pin-te
dc.date.accessioned2015-05-26T04:08:20Z
dc.date.available2015-05-26T04:08:20Z
dc.identifier.issn0197-3975
dc.identifier.urihttp://hdl.handle.net/1885/13595
dc.description.abstractThis article examines the impact of mega events on Beijing housing market from a behavioural perspective. By exploring the situation surrounding the Beijing 2008 Summer Olympics, we analyse the relationship between mega-event regeneration and expected residential relocation outcomes. Our findings suggest that Beijing Olympic regeneration caused disadvantaged groups to anticipate relocation to undesirable areas, as a result of improved infrastructure, public security, and urban environment. Behavioural sciences research indicates that expectation influences decision-making by serving as a salient reference point. Agents who perceived themselves as in a disadvantaged position or holding a gloomy prospect of their future are more likely to end up in such a situation. This paper offers insights into an effect of mega event regeneration projects that has been largely overlooked in the literature, i.e., the expected housing relocation outcomes. The research calls for government intervention and public attention to this important behavioural aspect of mega-event effects.
dc.publisherElsevier
dc.rights© 2015 Elsevier Ltd.
dc.sourceHabitat International
dc.subjectAnchoring
dc.subjectDisplacement
dc.subjectGentrification
dc.subjectProspect theory
dc.titleBehavioural insights into housing relocation decisions: the effects of the Beijing Olympics
dc.typeJournal article
local.identifier.citationvolume47
dc.date.issued2015-01-30
local.identifier.absfor140207 - Financial Economics
local.identifier.ariespublicationu5260803xPUB31
local.publisher.urlhttp://www.elsevier.com/
local.type.statusPublished Version
local.contributor.affiliationLin, P., Research School of Finance, Actuarial Studies and Applied Statistics, The Australian National University
local.bibliographicCitation.issue2015
local.bibliographicCitation.startpage20
local.bibliographicCitation.lastpage28
local.identifier.doi10.1016/j.habitatint.2015.01.001
local.identifier.absseo910199 - Macroeconomics not elsewhere classified
dc.date.updated2015-12-08T03:26:10Z
local.identifier.scopusID2-s2.0-84922065282
CollectionsANU Research Publications

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