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If Alonso Was Right: Accessibility as Determinant for Attractiveness of Urban Location

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Author Info
Gabriel Ahlfeldt () (Chair for Economic Policy, University of Hamburg)

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Abstract

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

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File URL: http://www.hced.uni-hamburg.de/WorkingPapers/HCED_12.pdf
File Format: application/pdf
File Function: First version, 2007
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Publisher Info
Paper provided by Chair for Economic Policy, University of Hamburg in its series Working Papers with number 012.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 36 pages
Date of creation: 2007
Date of revision:
Publication status: Published in Hamburg Contemporary Economic Discussions, Issue 12, 2007
Handle: RePEc:hce:wpaper:012

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Postal: Von-Melle-Park 5 D-20146 Hamburg
Web page: http://www.hced.uni-hamburg.de/
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For technical questions regarding this item, or to correct its listing, contact: (Gabriel Ahlfeldt).

Related research
Keywords: Market Access; Employment Access; Land Values; Polycentric City; Urban Transport; Alonso;

Other versions of this item:

Find related papers by JEL classification:
R12 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
R23 - Urban, Rural, and Regional Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
R42 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Government and Private Investment Analysis
R52 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Land Use and Other Regulations

References listed on IDEAS
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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Ahlfeldt, Gabriel M. & Wendlan, Nicolai, 2008. "Spatial Determinants of CBD Emergence: A Micro-level Case Study on Berlin∗," MPRA Paper 11572, University Library of Munich, Germany. [Downloadable!]
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