If Alonso was right: accessibility as determinant for attractiveness of urban location

摘要: This paper assesses impact of accessibility corresponding to three distinct modes urban transportation. The Alonso hypothesis residents being fully compensated for rents increasing with proximity CBD by employment opportunities is tested application a hedonic model using micro level data explain standard land values in Berlin. Access as well location endowments natural amenities and publicly privately provided services are captured potentiality variables. Similarly, population assessed business properties. Accessibility generated rail network clearly found have positive impacts on property prices explains attractiveness centrality business. For residential properties, however, cannot be completely explained revealing that the provides additional valued residents.