International systematic review examines public acceptance of value capture financing for sustainability in cities, indicating perceived fairness matters more than willingness to pay.
Key Points
This research aims to analyze public acceptance of value capture mechanisms for financing urban sustainability and how it impacts willingness to pay.
Conducted an international systematic review following PRISMA-2020 guidelines.
Identified 86 studies published from 2000 to 2024 focusing on value capture finance, environmental valuation, and behavioral research.
Examined impact fees, special assessments, tax-increment financing, and joint development agreements.
Most studies estimate willingness to pay for sustainability outcomes or assess legal conditions.
Public acceptance is driven more by perceived fairness and transparency than willingness to pay.
Recent studies utilize discrete choice experiments but provide limited insights into instrument-level acceptance.