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Willingness to Pay for Attributes of Location Efficiency
The Journal of Real Estate Finance and Economics ( IF 1.480 ) Pub Date : 2021-06-14 , DOI: 10.1007/s11146-021-09847-z
Jeremy Gabe , Spenser Robinson , Andrew Sanderford

This paper examines U.S. residential consumer willingness to pay for location efficiency, a normative advancement of new urbanism. Drawing on a national sample of multi-family housing data joined to measures of urban form and spatial structure, empirical models suggest three contributions to the literature. First, renters are willing to pay for greater location efficiency and for individual attributes of more efficient locations. Second, renters’ tastes and preferences for location efficiency are spatially heterogeneous. Third, location efficiency data appears to provide a meaningful level of control for locational quality. These contributions extend prior research efforts related to bid rent and urban amenities.



中文翻译:

愿意为位置效率的属性付费

本文考察了美国住宅消费者为位置效率付费的意愿,这是新城市主义的规范进步。借鉴与城市形态和空间结构措施相结合的多户住宅数据的全国样本,实证模型表明了对文献的三个贡献。首先,租房者愿意为更高的位置效率和更高效位置的个人属性付费。其次,租房者对位置效率的品味和偏好在空间上是异质的。第三,位置效率数据似乎为位置质量提供了有意义的控制水平。这些贡献扩展了先前与竞标租金和城市便利设施相关的研究工作。

更新日期:2021-06-14
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