Abstract
The introductory chapter initiates the discussion on Sen’s capability theory and its application in the re-examination of value of land to its owner in the context of “functionings.” The chapter states the scope of the book, which is limited to understanding the functionings of land that have been identified as being valuable to landowners in Scotland and are often uncompensated in the process of compulsory acquisition. This is performed through qualitative content analysis (QCA) of 19 relevant case reports from the Lands Tribunal for Scotland. A short description on the method of QCA is presented in this chapter.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
Market value is “the estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion” (IVSC, 2018).
- 2.
Online records of 38 cases dating back to 1997 are available as on date. Of these, 19 were found relevant for this research, and the latest decision was issued on 10 August 2016, while the earliest was released on 14 March 1997. Thus, this research covers 19 decisions spreading over two decades.
Bibliography
IVSC. (2018). Glossary. Retrieved March 28, 2018, from International Valuation Standards Council. https://www.ivsc.org/standards/glossary.
Mayring, P. (2000, June). Qualitative Content Analysis. Retrieved December 22, 2016, from Forum: Qualitative Social Research: http://www.qualitative-research.net/index.php/fqs/article/view/1089/2386
Rao, J., Tiwari, P., & Hutchison, N. E. (2017). Capability Approach to Compulsory Purchase Compensation: Evidence of the Functionings of Land Identified by Affected Landowners in Scotland. Journal of Property Research, 34(3), 305–324.
Sen, A. (1979). Equality of What?, The Tanner Lecture on Human Values. Stanford University. Retrieved April 11, 2016, from http://tannerlectures.utah.edu/_documents/a-to-z/s/sen80.pdf
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2018 The Author(s)
About this chapter
Cite this chapter
Rao, J. (2018). Introduction. In: Functionings of Land. Palgrave Pivot, Singapore. https://doi.org/10.1007/978-981-13-1441-4_1
Download citation
DOI: https://doi.org/10.1007/978-981-13-1441-4_1
Published:
Publisher Name: Palgrave Pivot, Singapore
Print ISBN: 978-981-13-1440-7
Online ISBN: 978-981-13-1441-4
eBook Packages: Economics and FinanceEconomics and Finance (R0)