COVID-19 Update: We are currently shipping orders daily. However, due to transit disruptions in some geographies, deliveries may be delayed. To provide all customers with timely access to content, we are offering 50% off Science and Technology Print & eBook bundle options. Terms & conditions.
The Economics of Urban Amenities - 1st Edition - ISBN: 9780122148408, 9781483264752

The Economics of Urban Amenities

1st Edition

Editors: Douglas B. Diamond George S. Tolley
eBook ISBN: 9781483264752
Hardcover ISBN: 9780122148408
Paperback ISBN: 9781483238128
Imprint: Academic Press
Published Date: 28th January 1982
Page Count: 242
Sales tax will be calculated at check-out Price includes VAT/GST
Price includes VAT/GST

Institutional Subscription

Secure Checkout

Personal information is secured with SSL technology.

Free Shipping

Free global shipping
No minimum order.


The Economics of Urban Amenities discusses amenities through a conceptual, methodological, and empirical basis. The text also defines amenities in a wide variety of human well-being. This collection of papers starts with a review of the concept of amenity. This book contains papers that discuss the economic roles of urban amenities and the resident’s site choice. This text also discusses the methods of amenity market analysis including assumptions of hedonic prices and residential location, the exogeneity issues, applications of the limited Box-Cox search, and the Hausman test. Several papers describe urban amenity markets considering options such as building heights, viewing, expressway noise, recreational centers, and neighborhood composition. This book also analyzes the market for regional amenities and covers subjects such as urban structure, wage rates, and migration. One paper shows that theoretically, differences in income and employment affect the control of amenities as these amenities in turn reflect “real utility differentials.” This book is suitable for urban and city planners, sociologists, economies, researchers and academicians involved in demographics, and environmentalists.

Table of Contents



I The Amenity Concept

1. The Economic Roles of Urban Amenities

I. Introduction

II. The Amenity Concept

III. Markets in Amenities

IV. Estimating Household Demands for Amenities

V. Amenities and Residential Location Patterns

VI. Amenities and Urban Form

VII. Amenities, Filtering, and Renewal

VIII. Amenities and Regional Location

IX. Conclusion


2. The Residence Site Choice

I. Framework

II. Measurement of Amenity and Travel Savings Components of Land Value

III. Supply Attributes Affecting Amenity Values

IV. Demand

V. Conclusion


II Methods of Amenity Market Analysis

3. Hedonic Prices and Residential Location

I. Introduction

II. The Bid-Rent Model of Residential Choice

III. Housing Market Hedonic Function Specification Errors

IV. Specification of the Locational Demand Function

V. The Use of Implicit Market Housing Market Models

VI. Conclusion


4. Specifying the Demand for Housing Characteristics: The Exogeneity Issue

I. Hedonic Prices and Demand for Housing Characteristics

II. The Hedonic Housing Equation

III. Demands for Housing Characteristics

IV. The Relative Exogeneity of Prices and Quantities

V. Conclusions


III Urban Amenity Markets

5. View Amenities, Building Heights, and Housing Supply

I. Introduction

II. The Basic Model

III. Empirical Results

IV. The Importance of Topographic Amenities

Appendix A: Variable Definitions and Sampling Statistics

Appendix B

Appendix C


6. The Costs of Urban Expressway Noise

I. The Measurement of Noise

II. Measuring the Impact of a Disamenity

III. The Damages from Expressway Noise

IV. Conclusion and Implications


7. The Influence of Urban Centers on Recreational Land Use

I. Introduction

II. A Model of the Demand for Recreational Land

III. Land Use around Multiple Urban Centers

IV. Empirical Evaluation

V. Conclusions


8. Racial Composition as a Neighborhood Amenity

I. Introduction

II. Racial Prejudice in Housing Markets

III. Evidence from the Houston Housing Market

IV. Conclusion


IV Regional Amenity Markets

9. Urban Structure, Wage Rates, and Regional Amenities

I. Introduction

II. A Model of an Urban Area with Pollution

III. Small External Changes in the Level of Pollution

IV. A Solution if the Amenity Level is Endogenous

V. Summary



10. Amenities and Migration over the Life-Cycle

I. Introduction

II. Data

III. Regression Results

IV. Summary


Subject Index


No. of pages:
© Academic Press 1982
28th January 1982
Academic Press
eBook ISBN:
Hardcover ISBN:
Paperback ISBN:

About the Editors

Douglas B. Diamond

Douglas B. Diamond

George S. Tolley

George S. Tolley

Ratings and Reviews