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Land Prices and Land Assembly in the CBD

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Author Info
Colwell, Peter F
Munneke, Henry J
Abstract

There is substantial empirical evidence of price concavity in the parcel-size dimension across land-use types and across urban regions. This article examines the degree to which concavity varies between the Central Business District (CBD) and the rest of the urban area. The article provides strong empirical support that the degree of concavity within the CBD is lower than in the rest of the county. Although concavity may be the dominant pricing relationship throughout most urban areas, there is some evidence of the presence of a convex price structure within the urban center. Copyright 1999 by Kluwer Academic Publishers

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File URL: http://journals.kluweronline.com/issn/0895-5638/contents
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Publisher Info
Article provided by Springer in its journal Journal of Real Estate Finance & Economics.

Volume (Year): 18 (1999)
Issue (Month): 2 (March)
Pages: 163-80
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:jrefec:v:18:y:1999:i:2:p:163-80

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Web page: http://www.springerlink.com/link.asp?id=102945

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  1. Peter Colwell & Henry Munneke, 2009. "Directional Land Value Gradients," The Journal of Real Estate Finance and Economics, Springer, vol. 39(1), pages 1-23, July. [Downloadable!] (restricted)
  2. Geerte Cotteleer & Tracy Stobbe & G. Cornelis van Kooten, 2007. "Bayesian Model Averaging in the Context of Spatial Hedonic Pricing: An Application to Farmland Values," Working Papers 2007-07, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group. [Downloadable!]
  3. Matthew Baker & Thomas J. Miceli, 2000. "Land Inheritance Rules: Theory and Cross-Cultural Analysis," Working papers 2002-43, University of Connecticut, Department of Economics, revised May 2002. [Downloadable!]
    Other versions:
  4. Gabriel Ahlfeldt, 2007. "If Alonso Was Right: Accessibility as Determinant for Attractiveness of Urban Location," Working Papers 012, Chair for Economic Policy, University of Hamburg. [Downloadable!]
  5. Gabriel Ahlfeldt & Wolfgang Maennig, 2007. "Impact of Sports Arenas on Land Values: Evidence from Berlin," Working Papers 0703, International Association of Sports Economists. [Downloadable!]
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