Cashing in on the sky: financialization and urban air rights in the Taipei Metropolitan Area

Chen, Hung-Ying

doi:10.1080/00343404.2019.1599104

Cashing in on the sky: financialization and urban air rights in the Taipei Metropolitan Area

Chen, Hung-Ying

Authors

Hung-Ying Chen

Abstract

This paper focuses on urban air rights, property rights for the ownership, development and trading of the airspace above land parcels. A three-fold contribution is made to the study of urban financialization. First, urban air rights are explicated as a new empirical terrain for research into urban financialization. Second, air rights are conceptualized as ‘market devices’ that enable market-making processes and are deployed by an activist state to facilitate regulatory and socio-technical conditions for urban financialization. Third, case studies of urban Taipei show air rights take subtly different forms across financialized processes of infrastructure provision and urban renewal.

Citation

Chen, H. (2020). Cashing in on the sky: financialization and urban air rights in the Taipei Metropolitan Area. Regional Studies, 54(2), 198-208. https://doi.org/10.1080/00343404.2019.1599104

Journal Article Type	Article
Online Publication Date	Apr 25, 2019
Publication Date	2020
Deposit Date	May 21, 2019
Publicly Available Date	Oct 25, 2020
Journal	Regional Studies
Print ISSN	0034-3404
Electronic ISSN	1360-0591
Publisher	Taylor and Francis Group
Peer Reviewed	Peer Reviewed
Volume	54
Issue	2
Pages	198-208
DOI	https://doi.org/10.1080/00343404.2019.1599104

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Copyright Statement
This is an Accepted Manuscript of an article published by Taylor & Francis in Regional Studies on 25th April 2019, available online: http://www.tandfonline.com/10.1080/00343404.2019.1599104