IF ALONSO WAS RIGHT: MODELING ACCESSIBILITY AND EXPLAINING THE RESIDENTIAL LAND GRADIENT

Gabriel M. Ahlfeldt

143 citations0/0 files storedJournal of Regional Science

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Regional Economics and Spatial Analysis Housing Market and Economics Urban Transport and Accessibility

Abstract

ABSTRACT This study provides an empirical evaluation of employment accessibility as a determinant of urban land price. We find that the monocentric model, despite recent criticism, can perform satisfyingly if the hedonic value of land is identified in an account of structural and neighborhood characteristics. Gravity employment accessibility measures, however, can explain the residential land gradient entirely and disentangle positive accessibility effects from negative congestion effects related to transport infrastructure. They can therefore be recommended as an appropriate mean to account for labor market accessibility in an environment of dispersed employment, at least if the transport geography is accounted for.

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References

1956A Pure Theory of Local Expenditures 1974Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition 1959How Accessibility Shapes Land Use 1964Location and Land Use: Toward a General Theory of Land Rent 1964Location and Land Use 1954The Market as a Factor in the Localization of Industry in the United States 1969CITIES AND HOUSING; THE SPATIAL PATTERN OF URBAN RESIDENTIAL LAND USE.1982Multiple equilibria and structural transition of non-monocentric urban configurations

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