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The Journal of Real Estate Finance and Economics

Erschienen in:

14.06.2021

Willingness to Pay for Attributes of Location Efficiency

verfasst von: Jeremy Gabe, Spenser Robinson, Andrew Sanderford

Erschienen in: The Journal of Real Estate Finance and Economics | Ausgabe 3/2022

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Abstract

This paper examines U.S. residential consumer willingness to pay for location efficiency, a normative advancement of new urbanism. Drawing on a national sample of multi-family housing data joined to measures of urban form and spatial structure, empirical models suggest three contributions to the literature. First, renters are willing to pay for greater location efficiency and for individual attributes of more efficient locations. Second, renters’ tastes and preferences for location efficiency are spatially heterogeneous. Third, location efficiency data appears to provide a meaningful level of control for locational quality. These contributions extend prior research efforts related to bid rent and urban amenities.

Vorheriger Artikel How Does Local Economy Affect Commercial Property Performance?

Nächster Artikel Buildings’ Energy Efficiency and the Probability of Mortgage Default: The Dutch Case

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Census Tract models not shown for brevity.

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Titel: Willingness to Pay for Attributes of Location Efficiency
verfasst von: Jeremy Gabe
Spenser Robinson
Andrew Sanderford
Publikationsdatum: 14.06.2021
Verlag: Springer US
Erschienen in: The Journal of Real Estate Finance and Economics / Ausgabe 3/2022
Print ISSN: 0895-5638
Elektronische ISSN: 1573-045X
DOI: https://doi.org/10.1007/s11146-021-09847-z

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