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In this paper, it is argued that neo‐classical location theory is of limited value in conceptualising the structure of urban office markets. Rather there are sound theoretical and technical arguments for segmenting office markets into distinct submarkets. It is further argued that submarkets,...
Persistent link: https://www.econbiz.de/10014898001
Property markets are considered efficient when the market price of a transacted property equates with its market worth. If this condition holds then identical properties should sell or let for the same price. However, properties are heterogeneous, and information and operational constraints...
Persistent link: https://www.econbiz.de/10014898056
Most conceptual and applied economic models of the structure of urban office markets have been developed from traditional location theory. In their basic form, these models tend to posit a trade-off between accessibility and space. In the light of changing business practices and...
Persistent link: https://www.econbiz.de/10010827158
Persistent link: https://www.econbiz.de/10014862700
We consider whether public recreational open space is a substitute for private open space by testing whether price effects from proximity to an urban park are increasing in housing density. Aberdeen, Scotland features three owner-occupied residential property types: detached housing, nondetached...
Persistent link: https://www.econbiz.de/10005309787
Due to a combination of government planning policies and market pressures in England in the period 2000--2008, there was an increase in the construction of flats and high-density developments and a decline in the construction of houses. In this paper, an analysis of the effects of these policy...
Persistent link: https://www.econbiz.de/10010690809
Persistent link: https://www.econbiz.de/10007386943
Due to a combination of government planning policies and market pressures in England in the period 2000–2008, there was an increase in the construction of flats and high-density developments and a decline in the construction of houses. In this paper, an analysis of the effects of these policy...
Persistent link: https://www.econbiz.de/10012912937
Persistent link: https://www.econbiz.de/10010151268
Persistent link: https://www.econbiz.de/10003397505