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An Approach to Urban Modelling and Evaluation a Residential Model: 2. Implicit Prices for Housing Services

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  • Patricia F Apps

    (Land Use and Built Form Studies, Department of Architecture, University of Cambridge, Cambridge, England)

Abstract

This is the second of three papers which describe a model of housing demand, using data from the town of Reading, Berkshire. The first paper sets out the theoretical framework for the model. This second paper documents the results for housing price indices and implicit prices for housing services, or characteristics, such as accessibility to employment and to schools, floor space, age, storey height, and number of garages. The third paper contains results for housing demand equations at three levels of aggregation, and for the real annual costs paid for similar housing in different tenure groups. The research is concerned with ways of obtaining information which is directly relevant to cost-benefit analysis in urban planning, information concerning what are urban services, the relative prices for the services, and the types of environments that produce these services. While the empirical work is restricted by the available data to a cross-section study of demand, the approach might be usefully applied to all types of urban analyses which involve evaluation.

Suggested Citation

  • Patricia F Apps, 1973. "An Approach to Urban Modelling and Evaluation a Residential Model: 2. Implicit Prices for Housing Services," Environment and Planning A, , vol. 5(6), pages 705-717, December.
    • Handle: RePEc:sae:envira:v:5:y:1973:i:6:p:705-717
    DOI: 10.1068/a050705
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    Cited by:

    1. M J T Krüger, 1980. "An Approach to Built-Form Connectivity at an Urban Scale: Relationships between Built-Form Connectivity, Adjacency Measures, and Urban Spatial Structure," Environment and Planning B, , vol. 7(2), pages 163-194, June.
    2. Colin J. Barnett, 1985. "An Application of the Hedonic Price Model to the Perth Residential Land Market," The Economic Record, The Economic Society of Australia, vol. 61(1), pages 476-481, March.
    3. C.J. Barnett, 1984. "A Hedonic Price Model of Consumer Demand for Urban Land Attributes," Economics Discussion / Working Papers 84-01, The University of Western Australia, Department of Economics.

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