Arbeitspapier
If Alonso was right: accessibility as determinant for attractiveness of urban location
This paper assesses impact of accessibility corresponding to three distinct modes of urban transportation. The Alonso hypothesis of residents being fully compensated for rents increasing with proximity to CBD by employment opportunities is tested by application of a hedonic model using micro level data to explain standard land values in Berlin. Access to employment as well as location endowments with natural amenities and publicly and privately provided services are captured by potentiality variables. Similarly, impact of population potentiality is assessed for business properties. Accessibility generated by urban rail network is clearly found to have positive impacts on property prices and fully explains attractiveness of urban centrality for business. For residential properties, however, impact of proximity to CBD cannot be completely explained by employment opportunities revealing that the CBD provides additional services valued by residents.
- Sprache
-
Englisch
- ISBN
-
978-3-940369-39-0
- Erschienen in
-
Series: Hamburg Contemporary Economic Discussions ; No. 12
Size and Spatial Distributions of Regional Economic Activity
Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
Transportation Economics: Government and Private Investment Analysis; Road Maintenance, Transportation Planning
Regional Government Analysis: Land Use and Other Regulations
Employment Access
Land Values
Polycentric City
Urban Transport
Alonso
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ahlfeldt, Gabriel M.
- University of Hamburg, Faculty of Business, Economics and Social Sciences, Chair for Economic Policy
Entstanden
- 2007
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