Collective management of residential housing in Russia: The importance of being social

Ekaterina Borisova, Leonid Polishchuk and Anatoly Peresetsky

Journal of Comparative Economics, 2014, vol. 42, issue 3, 609-629

Abstract: Homeowners associations (HOAs) implement collective management in residential housing. We assess the performance of such associations in Russia by using the stochastic frontier technique. Cultural traits enabling tenants to make proper use of the HOA decision-making procedures are essential for resolving the collective action problem and ensure accountability of governing bodies and outside contractors. Such “technical civic competence” has a stronger impact on HOA performance than more conventional forms of social capital which rise in their significance when HOA governance breaks down and informal grassroots alternatives are mobilized instead. Massive and indiscriminate “supply-led” introduction of collective management in residential housing without matching cultural and institutional prerequisites could be counterproductive. Flexibility, freedom of choice, and market development are required to avert the failures of HOAs commonly observed in Russia.

Keywords: Common-pool resources; Collective action; Social capital; Homeowners associations; Organizational governance (search for similar items in EconPapers)
JEL-codes: D23 D71 L31 R23 Z13 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jcecon:v:42:y:2014:i:3:p:609-629

DOI: 10.1016/j.jce.2014.04.007

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