Modeling Recreational Amenities in an Urban Setting: Location, Congestion, and Substitution Effects
In this article, we introduce a recreational amenityâ€”a greenbelt parkâ€”into a simple urban economic model. For multiple possible park placements, we solve for the associated equilibrium urban structure, including the equilibrium rent gradient, city boundary, total number of park visits, the overall utility level, and total vehicle miles traveled. We examine how these change with alternative park placement sites. We then show how two modifications of the basic modelâ€”allowing congestion at the site to affect site quality, and introducing the possibility of a substitute site at the cityâ€™s peripheryâ€”affect our conclusions about how greenbelt location influences urban structure.
Volume (Year): 37 (2008)
Issue (Month): 2 (October)
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- Colwell, Peter F. & Dehring, Carolyn A. & Turnbull, Geoffrey K., 2002. "Recreation Demand and Residential Location," Journal of Urban Economics, Elsevier, vol. 51(3), pages 418-428, May.
- Kanemoto, Yoshitsugu, 1980. "Theories of urban externalities," MPRA Paper 24614, University Library of Munich, Germany.
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- K. E. McConnell, 1990. "Double Counting in Hedonic and Travel Cost Models," Land Economics, University of Wisconsin Press, vol. 66(2), pages 121-127.
- Duke, Joshua M. & Aull-Hyde, Rhonda, 2002. "Identifying public preferences for land preservation using the analytic hierarchy process," Ecological Economics, Elsevier, vol. 42(1-2), pages 131-145, August.
- Kline, Jeffrey & Wichelns, Dennis, 1998. "Measuring heterogeneous preferences for preserving farmland and open space," Ecological Economics, Elsevier, vol. 26(2), pages 211-224, August.
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