The Relationship between Amenities and Urban Land Prices

摘要: It has long been recognized that land prices reflect the location-specific characteristics of site as well any unique structural itself. In fact, price urban residential depends primarily on its locational features or amenities. This relationship exploited through regression analysis to learn more about values people place advantages disadvantages a site's location.1 Although many recent studies have utilized hedonic dwelling for this purpose, there been, and continue be, analyses value alone since it is most direct embodiment considerations. addition, considerable interest in predicting purposes real estate tax assessment.2 paper proposes three specific extensions methodology commonly used relate First, we find amenity variables should be expressed per unit basis. Second, marginal an may, general, function level amenity, levels other amenities, consumption, residents' incomes preferences. Third, intercept priceamenity also income All these propositions are derived from view coefficients terms estimators slopes individuals' bid-price curves. empirical support enhancing ability explain prices.