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
Imprint: Academic Press
Published Date: 28th January 1982
Page Count: 242
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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

Contributors Preface 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 References 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 References

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 References 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 References

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 References 6. The Costs of Urban Expressway Noise I. The Measurement of Noise


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© Academic Press 1982
Academic Press
eBook ISBN:

About the Editor

Douglas B. Diamond

George S. Tolley

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