Residential Property Values in a Multinodal Urban Area: New Evidence on the Implicit Price of Location
The monocentric model predicts a housing price gradient from the central business district, and it follows that the extension of this model to account for modern multinodal metropolitan areas would predict housing price gradients from multiple employment centers. Empirical analysis using hedonic regression techniques for the estimation of price gradients in a nultinodal context is limited. This study extends prior work by exploring nonlinear housing, price gradients in a multinodal urban area with an unusually robust database of housing sales transactions, and using a geographic information system for spatial analysis. The results confirm the importance of non-CBD employment centers, a strong if asymmetric CBD price gradient, and significant nonlinear gradients from such other urban amenities as major retail sites and highways. Copyright 1993 by Kluwer Academic Publishers
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 7 (1993)
Issue (Month): 2 (September)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/regional+science/journal/11146/PS2|
When requesting a correction, please mention this item's handle: RePEc:kap:jrefec:v:7:y:1993:i:2:p:117-41. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.