A Note on the Value of Foregone Open Space in Sprawling Cities
Foregone benefits of the open space that is sacrificed through urban sprawl are hard to quantify. We obtain a simple benchmark measure by introducing a demand for trips beyond the urban boundary into the monocentric city model. The externality arises from the increase in travel costs that expansion of the city imposes on its prior inhabitants. An empirical application illustrates the moderate informational requirements. It indicates that open space externalities warrant rather mild restrictions on urban expansion.
|Date of creation:||Feb 2012|
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- Wu, JunJie & Plantinga, Andrew J., 2003. "The influence of public open space on urban spatial structure," Journal of Environmental Economics and Management, Elsevier, vol. 46(2), pages 288-309, September.
- Anderson, Soren T. & West, Sarah E., 2006. "Open space, residential property values, and spatial context," Regional Science and Urban Economics, Elsevier, vol. 36(6), pages 773-789, November.
- Marcy Burchfield & Henry G. Overman & Diego Puga & Matthew A. Turner, 2005.
"Causes of sprawl: A portrait from space,"
tecipa-192, University of Toronto, Department of Economics.
- Phaneuf, Daniel J. & Smith, V. Kerry, 2006. "Recreation Demand Models," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 15, pages 671-761 Elsevier.
- Wouter Vermeulen, 2011. "Agglomeration Externalities and Urban Growth Controls," SERC Discussion Papers 0093, Spatial Economics Research Centre, LSE.
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