منابع مشابه
Urban Complexity & Parameter Instability: Assessing Amenity Capitalization in the Presence of External Heterogeneity
In principle, spatial and temporal variations in the price of real estate within an urban area offer an excellent source of data with which any number of economic or policy questions might be addressed. Be it the value of proximity to public goods – schools, parks, pollution, etc. – or proximity to private goods – retail and consumption activities, for example – these locational amenities shoul...
متن کاملIdentifying Amenity and Productivity Cities Using Wage and Rent Differentials
by Patricia E. Beeson and Randall W. Eberts Patr~c~a E Beeson IS an asslstant professor of economics at the Un~ver sity of P~ttsburgh and a v ~ s ~ t ~ n g scholar at the Federal Reserve Bank of Cleveland Randall W Eberts IS an asslstant vlce president and economist at the Federal Reserve Bank of Cleveland Comments and suggestions by Tim Gronberg Ron Krumm, and Joe Stone and computer assistance...
متن کاملIntegrating lidar, GIS and hedonic price modeling to measure amenity values in urban beach residential property markets
Hedonic property price models have been used extensively in the economics literature to measure the value households place on locating properties close to a given resource, such as a beach, river, or lake. This proximity premium consists of two components. First, property owners derive benefit from living close to the resource for access purposes. Second, they also derive benefit from the view ...
متن کاملJob Amenity and the Incidence of Double Work
January 1991 The basic purpose is to explain why some workers have two jobs. The hypothesis is that workers in jobs associated with an amenity are more prone to accept double work. If earnings fall for such jobs, it is rationai to have two jobs while for jobs with no amenity a fall in earnings causes a rationai worker to leave the sector altogether. An amenity can be expected for instance for w...
متن کاملThe Forest Rotation Problem with Stochastic Harvest and Amenity Value
We present a general approach to study optimal rotation policy with amenity valuation under stochastic forest stand value. We state a set of weak conditions under which a unique optimal harvesting threshold exists and derive the value of the optimal policy. We characterize the impact of forest stand value volatility on both the total and the marginal expected cumulative present value of the rev...
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ژورنال
عنوان ژورنال: The Japanese Journal of Real Estate Sciences
سال: 2004
ISSN: 0911-3576,2185-9531
DOI: 10.5736/jares1985.18.2_12