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If Alonso was right: modeling accessibility and explaining the residential land gradient

Ahlfeldt, Gabriel M. (2011) If Alonso was right: modeling accessibility and explaining the residential land gradient. Journal of Regional Science, 51 (2). pp. 318-338. ISSN 0022-4146

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Identification Number: 10.1111/j.1467-9787.2010.00694.x

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.

Item Type: Article
Official URL: http://www.blackwellpublishing.com/journal.asp?ref...
Additional Information: © 2011 Wiley Periodicals, Inc.
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD100 Land Use
JEL classification: Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q1 - Agriculture > Q15 - Land Ownership and Tenure; Land Reform; Land Use; Irrigation
R - Urban, Rural, and Regional Economics > R1 - General Regional Economics
R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R14 - Land Use Patterns
R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis > R52 - Land Use and Other Regulations
Sets: Departments > Geography and Environment
Research centres and groups > Spatial Economics Research Centre
Date Deposited: 16 May 2011 15:58
Last Modified: 30 May 2014 14:09
URI: http://eprints.lse.ac.uk/id/eprint/36197

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