A note on the value of foregone open space in sprawling cities

Rouwendal, Jan and Vermeulen, Wouter (2012) A note on the value of foregone open space in sprawling cities. SERC Discussion Papers (SERCDP0101). Spatial Economics Research Centre (SERC), London School of Economics and Political Science, London, UK.

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Abstract

Foregone benefits of the open space that is sacrificed through urban sprawl are hard to quantify. We obtain a simple benchmark measure by introducing a demand for trips beyond the urban boundary into the monocentric city model. The externality arises from the increase in travel costs that expansion of the city imposes on its prior inhabitants. An empirical application illustrates the moderate informational requirements. It indicates that open space externalities warrant rather mild restrictions on urban expansion.

Item Type:	Monograph (Discussion Paper)
Official URL:	http://www.spatialeconomics.ac.uk/SERC/publication...
Additional Information:	© 2012 The Authors
Divisions:	Spatial Economics Research Centre
Subjects:	H Social Sciences > HN Social history and conditions. Social problems. Social reform L Education > LB Theory and practice of education > LB2300 Higher Education
JEL classification:	Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation > Q26 - Recreational Aspects of Natural Resources R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R13 - General Equilibrium and Welfare Economic Analysis of Regional Economies R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis > R52 - Land Use and Other Regulations
Date Deposited:	15 Jul 2014 15:27
Last Modified:	13 Sep 2024 20:22
Funders:	Economic and Social Research Council, Department for Business, Innovation & Skills (BIS), Welsh Assembly Government
URI:	http://eprints.lse.ac.uk/id/eprint/57860

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