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

Austin J. Jaffe

Research output: Contribution to journalArticle

5 Scopus citations


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
Issue number3
Publication statusPublished - Sep 1988


All Science Journal Classification (ASJC) codes

  • Accounting
  • Finance
  • Economics and Econometrics

Cite this