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The Economic Roles of Urban Amenities
The Residence Site Choice
Supply Attributes Affecting Amenity Values
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amenity levels amenity market analysis assumed assumption average bid function blacks building height bundle capitalization rate ceteris paribus Chicago choice coefficients consumers consumption cost decline demand equations demand functions demand shifters density determined differentials disamenity diseconomies of scale distance dominant-center dwelling economic economic rents effects empirical equilibrium estimated exogenous expressways firms functional form hedonic function hedonic price height gradients households housing characteristics housing prices housing services implicit market implicit prices inputs instrumental variable Interstate 55 Lake Michigan land price function land values Linneman location-specific marginal prices marginal value market clearing measure migration Muth neighborhood noise level null hypothesis pollution population prejudice models price equation price of housing recreational land regional regression regressor relatively rent residents sample school quality secondary centers secondary-center spatial specification structure submountains supply tion Tolley traits travel savings unit urban area Urban Econ utility variables