An Approach to Urban Modelling and Evaluation a Residential Model: 2. Implicit Prices for Housing Services

Patricia Apps ()

Environment and Planning A, 1973, vol. 5, issue 6, 705-717

Abstract: This is the second of three papers which describe a model of housing demand, using data from the town of Reading, Berkshire. The first paper sets out the theoretical framework for the model. This second paper documents the results for housing price indices and implicit prices for housing services, or characteristics, such as accessibility to employment and to schools, floor space, age, storey height, and number of garages. The third paper contains results for housing demand equations at three levels of aggregation, and for the real annual costs paid for similar housing in different tenure groups. The research is concerned with ways of obtaining information which is directly relevant to cost-benefit analysis in urban planning, information concerning what are urban services, the relative prices for the services, and the types of environments that produce these services. While the empirical work is restricted by the available data to a cross-section study of demand, the approach might be usefully applied to all types of urban analyses which involve evaluation.

Date: 1973
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:5:y:1973:i:6:p:705-717

DOI: 10.1068/a050705

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