Information Flows Balance and Price of Real Estate

  • Konstantin L. LIDIN Irkutsk State University of Railway Transport, Irkutsk
  • Mark G. MEEROVICH National Research Irkutsk State Technical University, Irkutsk
  • Elena A. BULGAKOVA Moscow Information and Technological University- Moscow Architecture and Construction Institute, Moscow
  • Svetlana A. ZABELINA Moscow Information and Technological University- Moscow Architecture and Construction Institute, Moscow

Abstract

The influence of the informational potential of place on the property is investigated. The theoretical relationship between the place potential (difference between the level of production and consumption of information in this location) and the value of the property at this location is shown. Statistically valid the correlation between the informational potential of places and the price of real estate on a comparative material of the Russian Federation is statistically justified.

References

[1] Appelbaum, B. 2011. As U.S. Agencies put more Value on a Life, Businesses Fret. The New York Times, Feb. 16. Available at: http://www.nytimes.com/2011/02/17/business/economy/17regulation.html?_r=2&pagewanted=all
[2] Bykov, A.A. 2007. The methodology of economic evaluation of an average person life (explanatory note). Problems of risk analysis, 4(2): 178-191.
[3] Ermilova, M.I. 2016. Analysis of Russian housing market development in 2006-2015. Financial analytics: problems and solutions, 8 (290): 35-47.
[4] Karabchuk, T.S., Nikitina, M.V., Remezkova, V.P., and Soboleva, N.E. 2014. How to assess the cost of the human life? Economic sociology, 15(1): 89-102.
[5] Migashkina, E.S. 2016. Reforming the tax on personal property and its impact on budget. Economy. Taxes. Rights, 1: 135-143.
[6] Okun’, S. 2016. Officials insist on the state assessment. Press release on Rosreestr website 3/31/2016. Available at: https://rosreestr.ru/site/press/news/chinovniki-nastaivayut-na-gosudarstvennoy-otsenke/?sphrase_id=1977717
[7] Robinson, L.A., and Hammitt, J.K. 2014. Research Synthesis and the Value per Statistical Life. Regulatory Policy Program Working Paper RPP-2014-14. Cambridge, MA: Mossavar-Rahmani Center for Business and Government, Harvard Kennedy School, Harvard University.
[8] Thomson K., Monje K. 2015. Guidance on Treatment of the Economic Value of a Statistical Life (VSL) in U.S. Department of Transportation Analyses – 2015 Adjustment. Available at: https://www.transportation.gov/sites/dot.gov/files/docs/VSL2015_0.pdf
[9] Viscusi, W. K. 2014. Meta-analyses of the Value of Statistical Life. In: Handbook of the Economics of Risk and Uncertainty. Vol. 1. Chapter 7. The Value of Individual and Societal Risks to Life and Health. North-Holland: Elsevier – Pp. 408-411.
[10] Viscusi, W. K., and Aldy, J.E. 2002. The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World Harvard Law School John M. Olin Center for Law, Economics and Business Discussion Paper Series. Paper 392. Available at: http://lsr.nellco.org/harvard_olin/392
*** House construction and a real estate market during recession. Bulletin of socio-economic crisis in Russia. Issue 11, March 2016 Analytic center under the government of Russian Federation. Available at: http://ac.gov.ru/files/publication/a/8353.pdf
*** Information about Rosreestr activity of state registration of rights to real estate and transactions with it – in January-December 2014. Available at: https://rosreestr.ru/upload/Doc/9011_008_1412%20%D1%81%D0%B2.XLS
*** Resolution of the Moscow Government dated 21/11/2014 №688-PP ‘The approval of the results of the state cadastral estimation of capital construction in the city of Moscow.’ Available at: http://smao.ru/press/news/legislation/7614
Published
2017-08-20
How to Cite
LIDIN, Konstantin L. et al. Information Flows Balance and Price of Real Estate. Journal of Advanced Research in Law and Economics, [S.l.], v. 8, n. 2, p. 496 - 504, aug. 2017. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/1329>. Date accessed: 20 apr. 2024.