Conservation areas may solve a form of prisoners dilemma as all local homeowners are required to maintain their property making everyone better off
Ahlfeldt, G. M.
(2012).
Conservation areas may solve a form of prisoners dilemma as all local homeowners are required to maintain their property making everyone better off.
(2012).
Conservation areas may solve a form of prisoners dilemma as all local homeowners are required to maintain their property making everyone better off.
Gabriel Ahlfeldt presents findings from a recent research report showing that property prices are generally higher inside conservation areas. The regulation is good news for policymakers as it ensures collective action in maintaining neighborhoods, making free-riding much harder to do.