Title of article :
Treating open space as an urban amenity
Author/Authors :
V. Kerry Smith، نويسنده , , Christine Poulos، نويسنده , , Hyun Kim، نويسنده ,
Issue Information :
فصلنامه با شماره پیاپی سال 2002
Pages :
23
From page :
107
To page :
129
Abstract :
In “the welfare economics of city bigness”, George Tolley asserts that the virtual price of amenities can be used to judge the efficiency of a urban spatial land use patterns. Expanding this test to open space amenities is not straightforward because those amenities are especially difficult to characterize. Bockstael and Irwin [Economics and the land use—environment link. In: Tietenberg, T., Folmer, H. (Eds.), International Yearbook of Environmental and Resource Economics, 2000/2001. Edward Edgar, Cheltenhan, UK, 2000] suggest that open space amenities and their virtual prices depend on whether surrounding land uses are fixed or adjustable. This paper estimates hedonic price functions over nearly 30 years to evaluate, whether the distinctions between fixed and adjustable land uses help in measuring the value of open space amenities.
Keywords :
Hedonic price analysis , Valuation , Open space amenities , Land use
Journal title :
Resource and Energy Economics
Serial Year :
2002
Journal title :
Resource and Energy Economics
Record number :
917329
Link To Document :
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