Suchergebnisse

Monetary instability presents property valuers with particular problems. My view of the current situation is that of a practising valuer, but one who, since 1973, has also participated with other members of the profession in work to identify these problems, and to draft and publish valuation standards and guidance notes for valuers throughout the UK. No less important is the continuing work of keeping these standards under review and, where necessary, of updating them, together with the appropriate guidance notes to the profession.

This discussion note provides a perspective on valuation studies by a group of PhD students. Based on impressions from the Valuation as Practice workshop at The University of Edinburgh in early 2014 we were inspired by the example of Kjellberg et al. (2013) to debate how we see, understand, and are inspired by the field of valuation studies. It is the hope of the editors that sharing the concerns of early-stage researchers starting out in a field in flux, may be of use to, and perhaps spur, senior contributors to further develop this emerging research landscape. Using the workshop experience as a springboard, we argue that the domain of valuation studies still relies heavily on influences from the study of economics, with a strong emphasis on processes of quantification and calculation. With apparent pragmatism within the field, concern as to what might be lost by this narrower perspective is raised. Additionally, we call for the exploration of the possibility of a common language of valuation, to better define shared features, and identify as well as manage conflicts within the field.

The focus on situated practices in current valuation studies becomes an obstacle when situations are too narrowly defined, when moments of valuation are treated as isolated events and especially when the interconnectedness of moments across situations and social fields is neglected. In order to overcome these limitations, we propose the concept of valuation constellations (Meier et al. 2016). Based on the literature on valuation the concept distinguishes positions and their relations, rules, and infrastructures. We present these three components of constellations and demonstrate the potential of the concept regarding three analytical puzzles of valuation analysis: historical change of valuation processes, the definition and solution of valuation problems, and the legitimacy of valuations. Each of the puzzles is illustrated with an empirical case, i.e. dating platforms and apps, higher education, and amateur reviewing. Going beyond situationalism, the valuation constellations perspective is key to understanding interconnected valuation processes.

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Purpose– The purpose of this paper is to review the issues involved in the implementation of mass valuation systems and the conditions needed for doing so.Design/methodology/approach– The method makes use of case studies of and fieldwork in countries that have either recently introduced mass valuations, brought about major changes in their systems or have been working towards introducing mass valuations.Findings– Mass valuation depends upon a degree of development and transparency in property markets and an institutional structure capable of collecting and maintaining up-to-date price data and attributes of properties. Countries introducing mass valuation may need to undertake work on improving the institutional basis for this as a pre-condition for successful implementation of mass valuation.Practical implications– Although much of the literature is concerned with how to improve the statistical modelling of market prices, there are significant issues concerned with the type and quality of the data used in mass valuation models and the requirements for successful use of mass valuations.Originality/value– Much of the literature on mass valuation takes the form of the development of statistical models of value. There has been much less attention given to the issues involved in the implementation of mass valuation.

When used consumer goods are exchanged, valuation proceeds differently than in markets for new goods. Many studies emphasize the social or socio-technical nature of valuation processes. This article outlines the difficulties inherent in these approaches when it comes to understanding valuation of used goods. These approaches, somewhat paradoxically, obscure the greater situatedness of contextualized "moments of valuation" in material flows and in relation to production processes. The ecological approach developed here shows that moments of valuation are never divorced from temporally and spatially prior and subsequent moments of valuation and waste production, and cannot be fully understood if not considered alongside the conditions in which the goods being valued are produced. The subtractive logic of ridding is crucial in the processes of production and valuation of used goods. This article draws on ethnographic and interview data from fourteen months of fieldwork in England to show how used books are valued in an ecology that stretches across connected moments and sites.