Modeling Recreational Amenities in an Urban Setting: Location, Congestion, and Substitution Effects

Frances Homans and Elizabeth Marshall ()

Agricultural and Resource Economics Review, 2008, vol. 37, issue 2, 16

Abstract: In this article, we introduce a recreational amenity—a greenbelt park—into a simple urban economic model. For multiple possible park placements, we solve for the associated equilibrium urban structure, including the equilibrium rent gradient, city boundary, total number of park visits, the overall utility level, and total vehicle miles traveled. We examine how these change with alternative park placement sites. We then show how two modifications of the basic model—allowing congestion at the site to affect site quality, and introducing the possibility of a substitute site at the city’s periphery—affect our conclusions about how greenbelt location influences urban structure.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (2)

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Journal Article: Modeling Recreational Amenities in an Urban Setting: Location, Congestion, and Substitution Effects (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:arerjl:45670

DOI: 10.22004/ag.econ.45670

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