Big Data Approach as an Institutional Innovation to Tackle Hong Kong’s Illegal Subdivided Unit Problem
Yung Yau and
Wai Kin Lau
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Yung Yau: Department of Public Policy, City University of Hong Kong, Hong Kong, China
Wai Kin Lau: Department of Construction Technology and Engineering, Technological and Higher Education Institute of Hong Kong, Hong Kong, China
Sustainability, 2018, vol. 10, issue 8, 1-17
Abstract:
While applications of big data have been extensively studied, discussion is mostly made from the perspectives of computer science, Internet services, and informatics. Alternatively, this article takes the big data approach as an institutional innovation and uses the problem of illegal subdivided units (ISUs) in Hong Kong as a case study. High transaction costs incurred in identification of suspected ISUs and associated enforcement actions lead to a proliferation of ISUs in the city. We posit that the deployment of big data analytics can lower these transaction costs, enabling the government to tackle the problem of illegal accommodations. We propose a framework for big data collection, analysis, and feedback. As the findings of a structured questionnaire survey reveal, building professionals believed that the proposed framework could reduce transaction costs of ISU identification. Yet, concerns associated with the big data approach like privacy and predictive policing were also raised by the professionals.
Keywords: big data; illegal accommodation; institutional innovation; transaction costs; housing problem; building stock management; Hong Kong (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:10:y:2018:i:8:p:2709-:d:161377
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