Collective Management of Residential Housing in Russia: The Importance of Being Social

44 Pages Posted: 20 Jul 2013 Last revised: 19 May 2015

See all articles by Ekaterina Borisova

Ekaterina Borisova

National Research University Higher School of Economics

Leonid Polishchuk

National Research University Higher School of Economics

Anatoly Peresetsky

National Research University Higher School of Economics

Date Written: January 19, 2012

Abstract

Performance of Russian homeowners associations established to manage common property in residential housing is assessed using the stochastic frontier technique. Observed performance variations are explained by tangible and intangible assets, especially tenants’ social capital required to resolve the collective action problem and ensure accountability of managing bodies and outside contractors. Without sufficient civic competence homeowners associations become dysfunctional or prone to capture by vested interests. Voluntary creation of HOAs is a credible signal of tenants’ ability to utilize the benefits of joint ownership and management of housing infrastructure.

Keywords: common-pool resources, collective action, social capital, homeowners associations, transition region, Russia

JEL Classification: Z13, P27, O43, R23

Suggested Citation

Borisova, Ekaterina and Polishchuk, Leonid and Peresetsky, Anatoly, Collective Management of Residential Housing in Russia: The Importance of Being Social (January 19, 2012). Available at SSRN: https://ssrn.com/abstract=2295974 or http://dx.doi.org/10.2139/ssrn.2295974

Ekaterina Borisova (Contact Author)

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Leonid Polishchuk

National Research University Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

Anatoly Peresetsky

National Research University Higher School of Economics ( email )

17 Malaya Ordynka Street
20 Myasnitskaya Street
Moscow, 119017
Russia

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