Rail-transit and real estate values in a polycentric city: A theoretic simulation approach

Daniel Gat
Additional contact information
Daniel Gat: Center for Urban and Regional Studies

Chapter 17 in Railway Development, 2008, pp 359-383 from Springer

Abstract: Abstract The purpose of this chapter is to provide a microeconomic framework for tracing the impact of urban rail transit on the residential real estate market. It presents an urban polycentric model that is quite simple, yet it is complex enough to handle automobile traffic congestion as well as transit and park-and-ride. The model is derived from a long line of microeconomic monocentric urban models. The model is estimable, but not empirically estimated here; instead, it is run as a spreadsheet simulation with artificial parameter values. Results are computed and shown graphically and geographically; they support the claim that transit introduction is likely to raise real estate values, but are conditional with regard to instigating inner city redevelopment.

Keywords: Travel Time; Real Estate; Travel Mode; Transit Network; Rail Transit (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-7908-1972-4_17

Ordering information: This item can be ordered from
http://www.springer.com/9783790819724

DOI: 10.1007/978-3-7908-1972-4_17

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().