Residents' Benefits Evaluation of Urban Development Plans - A Willingnes-To-Accept Model for a Multi-functional Land Use Project in Amsterdam

Caroline A. Rodenburg, Peter Nijkamp, Henri de Groot and Erik Verhoef
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Caroline A. Rodenburg: VU University Amsterdam

No 09-023/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: Urban re-development projects may generate various positive as well as negative spatial externalities to the existing population in a given area. This study aims to assess the order of magnitude of the expected net benefits for incumbent residents from a large scale project in the Southern part of Amsterdam (the Netherlands), which is planned to transform the area into a large multi-functional urban centre. We employ a specific stated preference method (viz. a willingness-to-accept method) to assess the net socio-economic benefits for the population in the area concerned. Our approach explicitly considers perceived costs and benefits in the foreseen „end-states‟ as well as those incurred during the transitional (construction) phase towards such end-states. It is concluded that the multi-functional urban re-development project under consideration is not supported by the residents in the area, as the long-run benefits are perceived to be overshadowed by the short-run environmental nuisances.

Keywords: multi-functional land use; stated preference; urban development (search for similar items in EconPapers)
JEL-codes: O18 Q15 R52 (search for similar items in EconPapers)
Date: 2009-03-18
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20090023

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