Cultural Heritage and the Location Choice of Dutch Households in a Residential Sorting Model
AbstractLocal amenities are an important factor in the location choice of households. Heterogeneity in preferences of households tends to sort households over different locations which satisfy best their preferences given their constraints. In this paper, we analyze the effect of cultural heritage on the location choice of households using a residential sorting model. Cultural heritage is often a determining factor of the specific atmosphere of a location and is valued as such by its residents. Since the attractiveness of a residential location may be affected by amenities in the surrounding locations, spatial econometrics is used to deal with these interdependencies. Our model accounts for unobserved characteristics of locations, heterogeneity of households and spatial correlation between the observed (and unobserved) attractiveness of locations. The results show, for instance, that the willingness to pay of highly educated households to reside in municipalities close to a high concentration of cultural heritage is higher than other types of households.
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Bibliographic InfoPaper provided by European Regional Science Association in its series ERSA conference papers with number ersa11p648.
Date of creation: Sep 2011
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Other versions of this item:
- Mark van Duijn & Jan Rouwendal, 2013. "Cultural heritage and the location choice of Dutch households in a residential sorting model," Journal of Economic Geography, Oxford University Press, vol. 13(3), pages 473-500, May.
- NEP-ALL-2011-11-14 (All new papers)
- NEP-CUL-2011-11-14 (Cultural Economics)
- NEP-TUR-2011-11-14 (Tourism Economics)
- NEP-URE-2011-11-14 (Urban & Real Estate Economics)
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