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The Institutional Analysis of Fittings in Residential Units

  • Rita Yi Man LiEmail author
Chapter
Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

Abstract

New institutional economists state that the different arrangements in informal and formal institutions affect the transaction costs and the institutional arrangements. Nanjing, Hong Kong and Boston represent three different cities immersed in 3 different cultures. The Chinese in Nanjing are immersed in Eastern culture. Hong Kong, a British colony for 150 years with Chinese as the majority group, is a unique city with a mixture of Western and Eastern culture. Boston is a city with a western culture. Apart from these cultural differences, these cities also have different economic, historical and legal backgrounds. How do formal (legal) and informal institutions (e.g., culture) affect the provisions of fittings by developers? No research has been conducted on this topic. Motivated by curiosity, this chapter aims to fill this gap in the research.

Keywords

Institutional economics Housing Fittings 

Notes

Acknowledgments

This chapter was a revised version of a paper originally presented as Li, Rita Yi Man (2009) How do business environment affect the behavior of businessmen? A triangular study on developers in Nanjing, Hong Kong and Boston, 3rd International Online Conference on Business & Management, 27–28th May 2009, E-Proceeding, a paper published in Li, Rita Yi Man (2010) A study on the impact of culture, economic, history and legal systems which affect the provisions of fittings by residential developers in Boston, Hong Kong and Nanjing, International Journal of Global Business and Management Research, Vol. 1, No. 3/4, pp. 131–141; and a book chapter published in Li, Rita Yi Man (2011) Everyday life application of Neo-institutional Economics Lambert Academic Publishing, Saarbrucken, Germany.

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Copyright information

© The Author(s) 2014

Authors and Affiliations

  1. 1.Department of Economics and FinanceHong Kong Shue Yan UniversityHong KongHong Kong SAR

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