Explaining Value Capture Implementation in New York, London, and Copenhagen: Negotiating Distributional Effects

IF 2.4 3区 社会学 Q2 URBAN STUDIES
Simon van Zoest, T. Daamen
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引用次数: 0

Abstract

Value capture (VC) is widely cited as a method for local authorities to provide urban public goods to their cities in the face of fiscal stress. Its application in practice however remains limited. In this article, we aim to explain the implementation process of VC as a strategy to fund public transportation infrastructure through case studies in London, New York, and Copenhagen. Adopting a theory of gradual institutional change, we argue that the implementation of VC depends on the capacity to change distributional institutions that are inherently contested. Particularly relevant is the role of the beneficiary, whose support of VC is necessary but not likely. Our results show that a strategic urban development project can act as a driver to overcome this barrier, but that this driver can, simultaneously, also hinder the institutionalization potential of a VC strategy. We therefore suggest that, for VC strategies to become more commonplace, sharing value uplifts among beneficiaries must become more commonplace too.
解释纽约、伦敦和哥本哈根的价值获取实施情况:协商分配效应
价值获取(VC)被广泛认为是地方政府在财政紧张的情况下为城市提供城市公共产品的一种方法。然而,它在实践中的应用仍然有限。在本文中,我们旨在通过对伦敦、纽约和哥本哈根的案例研究,解释将价值获取作为公共交通基础设施融资策略的实施过程。我们采用渐进式制度变革理论,认为风险投资的实施取决于改变分配制度的能力,而这些制度本身就存在争议。受益者的作用尤为重要,他们对自愿捐款的支持是必要的,但却不可能。我们的研究结果表明,战略性城市发展项目可以成为克服这一障碍的推动力,但同时这一推动力也会阻碍脆弱性和适应战略的制度化潜力。因此,我们建议,要使风险投资战略变得更加普遍,受益人之间分享价值提升也必须变得更加普遍。
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来源期刊
Urban Affairs Review
Urban Affairs Review URBAN STUDIES-
CiteScore
5.50
自引率
14.30%
发文量
48
期刊介绍: Urban Affairs Reveiw (UAR) is a leading scholarly journal on urban issues and themes. For almost five decades scholars, researchers, policymakers, planners, and administrators have turned to UAR for the latest international research and empirical analysis on the programs and policies that shape our cities. UAR covers: urban policy; urban economic development; residential and community development; governance and service delivery; comparative/international urban research; and social, spatial, and cultural dynamics.
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