Evaluating the Effects of Transportation-Land-Use Policies on Housing Values and Household Welfare
Bibliographic Data
| ID | 4140100 |
|---|---|
| Authors | A Anas (Northwestern University, corresponding author) |
| Year | 1980 |
| Volume | 12 |
| Issue | 7 |
| Pages | 747-764 |
| Publication date | 1980-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1068/a120747 |
| OpenAlex | W1989853090 |
| Language | EN |
| References cited | 5 |
In a previous article published in this journal (Anas, 1979a), a simulation model developed by the author was used to examine the impact of transit investment on property values in an urban transportation corridor that had a completely centralized employment distribution. The present paper examines the effect of rail-transit investment in the context of various scenarios which deal with urban employment decentralization, housing distribution, transportation pricing, and income composition. From these simulations it appears that under a variety of assumptions regarding urban change the taxation of short-run differential changes in property values caused by transit investment can raise only a small portion of the cost of typical transit investments. The distinctive feature of the simulation model is that it is consistent with the discrete-choice theory of travel demand currently used in transportation planning and travel-demand prediction. But whereas the state of the art in transportation planning ignores the simultaneity of transportation changes and price changes in the housing market, the model developed here is a first attempt to deal with these effects by incorporating discrete-choice theory into a Walrasian market-equilibration procedure. In addition to being a theoretical alternative to the classical bid-rent model, still made use of by urban economists, the new approach is computationally efficient and suitable for large-scale simulation
Amenity · Decentralization · Discrete choice · Econometrics · Economics · Interurban · Land use · Market economy · Microeconomics · Public economics · Transport engineering · Engineering · Housing Market and Economics · Transportation Planning and Optimization · Urban Transport and Accessibility · Finance
The activity analysis approach to urban model building
Alternative transportation modes in an urban land use model
Numerical solution of urban residential land-use models
On the Formation of Travel Demand Models and Economic Evaluation Measures of User Benefit
The Impact of Transit Investment on Housing Values
| Citation velocity | historical |
|---|---|
| Highly cited | No |