Toward an Evolutionary Theory of Trade Associations: The Case of Real Estate Appraisers

Austin J. Jaffe

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Abstract

This paper proposes a developmental theory of trade association life cycles with special emphasis on the case of real estate appraisers. Given a neo‐institutional perspective of the demand for appraisal services, the paper views real estate appraisers as information specialists. Trade associations tend to develop along a common, although not strictly fixed, set of steps. At each stage, various institutional activities occur that when observed, can be used to characterize the association's rate of development. In this context, real estate appraisers and their institutions are examined. Recent advances provide evidence that major changes are currently underway.

Original languageEnglish (US)
Pages (from-to)230-256
Number of pages27
JournalReal Estate Economics
Volume16
Issue number3
DOIs
Publication statusPublished - Sep 1988

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All Science Journal Classification (ASJC) codes

  • Accounting
  • Finance
  • Economics and Econometrics

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