We consider the problem of integrating spatial amenities into locational equilibrium models with multiple jurisdictions. We provide sufficient conditions under which models that assume a single housing price in each community continue to apply in the presence of location-specific amenities that vary both within and across communities. If these conditions are satisfied, the models, estimation me...

With the trend toward greater urbanization and the rapid emergence of mega-cities continuing unabated, many policy makers ask themselves whether some cities are becoming too large, and whether policies should be aimed at stimulating the growth of intermediate-sized cities. In this chapter we use a simple model of a system of cities, together with some basic urban and aggregate data, to answer s...

This paper describes and critically reviews an important but under-theorized value capture mechanism that we have termed “vertical allocations” (or vertical exactions). enables cities to vertically by allocating floor space for public utilities in privately owned, mixed-use, development. As a tool, allocations allow the government tap uplift supply nearby neighborhood, city as whole, with much ...

Although the realm of sustainable development has been sharply associated with energy savings and a decrease in contamination, concept deserves much more comprehensive approach. Sustainable development, as only respectful safe way to progress, involves—besides mentioned rational use resources—a broad variety economic, technical, cultural, behavioral issues. In this context, total or partial rec...

Abstract Economistsgenerallyemploytwo ‘revealed preference’ approaches to measure households’ preferences for non-market amenities—the hedonic and equilibrium sorting models. The conventional model assumes free mobility across space. Violation of this assumption can bias the estimates household willingness pay local amenities. Mobility constraints are more easily handled by framework. In chapte...

This paper reports data from a residential landscape preference study conducted in Delaware, USA. The researchers constructed an ecologically designed exurban residential landscape, which delivered 20 new environmental and human-related impacts, including 7 that delivered ecosystem services. Ecosystem services included impacts such as improved flood control and enhanced plant diversity. Using p...