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Variations in real estate prices within an urban area are commonly exploited to value local amenities. Be they public or private goods, local amenities should be capitalized into property prices. This paper, however, demonstrates that standard hedonic models used to recover implicit prices are...
Persistent link: https://www.econbiz.de/10005362971
This paper documents a marked persistence in the spatial distribution of employment in the Los Angeles Metropolitan Area. Over a medium-term of twenty years -- a period of pronounced growth and change in the region's employment and population -- lagged employment density dominates access...
Persistent link: https://www.econbiz.de/10005362983
As urban areas across the U.S. grow, open-space lands providing wildlife habitat and ecosystem services are lost to development. In response, many communities have experimented with local regulations to encourage land conservation, but little is known about their effects on land-use change or...
Persistent link: https://www.econbiz.de/10004994473
Poor urban neighborhoods are often referred to as “food deserts”, lacking in grocery stores and healthy food vendors. However, most empirical studies of food deserts have been small scale, focusing on limited geographies and a narrow range of products. Standard retail location models, which...
Persistent link: https://www.econbiz.de/10011052347