The Heterogenous Demand for Urban Parks between Home Buyers and Renters: Evidence from Beijing
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Danya Kim & Jangik Jin, 2019. "The Effect of Land Use on Housing Price and Rent: Empirical Evidence of Job Accessibility and Mixed Land Use," Sustainability, MDPI, vol. 11(3), pages 1-18, February.
- Youqin Huang & Leiwen Jiang, 2009. "Housing Inequality in Transitional Beijing," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 33(4), pages 936-956, December.
- Bourassa Steven C., 1995. "A Model of Housing Tenure Choice in Australia," Journal of Urban Economics, Elsevier, vol. 37(2), pages 161-175, March.
- Bing Han & Lu Han & Guozhong Zhu, 2018. "Housing Price And Fundamentals In A Transition Economy: The Case Of The Beijing Market," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 59(3), pages 1653-1677, August.
- Hill, Robert J. & Syed, Iqbal A., 2016.
"Hedonic price–rent ratios, user cost, and departures from equilibrium in the housing market,"
Regional Science and Urban Economics, Elsevier, vol. 56(C), pages 60-72.
- Robert J. Hill & Iqbal A. Syed, 2012. "Hedonic Price-Rent Ratios, User Cost, and Departures from Equilibrium in the Housing Market," Graz Economics Papers 2012-08, University of Graz, Department of Economics.
- Robert J. Hill & Iqbal A. Syed, 2014. "Hedonic Price-Rent Ratios, User Cost, and Departures from Equilibrium in the Housing Market," Graz Economics Papers 2014-03, University of Graz, Department of Economics.
- Robert Hill & Iqbal A. Syed, 2012. "Hedonic Price-Rent Ratios, User Cost, and Departures from Equilibrium in the Housing Market," Discussion Papers 2012-45, School of Economics, The University of New South Wales.
- Mary Riddel, 2001. "A Dynamic Approach to Estimating Hedonic Prices for Environmental Goods: An Application to Open Space Purchase," Land Economics, University of Wisconsin Press, vol. 77(4), pages 494-512.
- H. Spencer Banzhaf & Randall P. Walsh, 2008. "Do People Vote with Their Feet? An Empirical Test of Tiebout," American Economic Review, American Economic Association, vol. 98(3), pages 843-863, June.
- Charles M. Tiebout, 1956. "A Pure Theory of Local Expenditures," Journal of Political Economy, University of Chicago Press, vol. 64(5), pages 416-416.
- Todd Sinai & Nicholas S. Souleles, 2005.
"Owner-Occupied Housing as a Hedge Against Rent Risk,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(2), pages 763-789.
- Todd Sinai & Nicholas S. Souleles, 2003. "Owner-Occupied Housing as a Hedge Against Rent Risk," NBER Working Papers 9462, National Bureau of Economic Research, Inc.
- Todd M. Sinai & Nicholas S. Souleles, 2005. "Owner-occupied housing as a hedge against rent risk," Working Papers 05-10, Federal Reserve Bank of Philadelphia.
- Wang, Yiming & Feng, Suwei & Deng, Zhongwei & Cheng, Shuangyu, 2016. "Transit premium and rent segmentation: A spatial quantile hedonic analysis of Shanghai Metro," Transport Policy, Elsevier, vol. 51(C), pages 61-69.
- Łaszkiewicz, Edyta & Czembrowski, Piotr & Kronenberg, Jakub, 2019. "Can proximity to urban green spaces be considered a luxury? Classifying a non-tradable good with the use of hedonic pricing method," Ecological Economics, Elsevier, vol. 161(C), pages 237-247.
- Anderson, John E., 1985. "On testing the convexity of hedonic price functions," Journal of Urban Economics, Elsevier, vol. 18(3), pages 334-337, November.
- Roback, Jennifer, 1982. "Wages, Rents, and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1257-1278, December.
- Roback, Jennifer, 1988. "Wages, Rents, and Amenities: Differences among Workers and Regions," Economic Inquiry, Western Economic Association International, vol. 26(1), pages 23-41, January.
- David Albouy, 2016. "What Are Cities Worth? Land Rents, Local Productivity, and the Total Value of Amenities," The Review of Economics and Statistics, MIT Press, vol. 98(3), pages 477-487, July.
- Douglas J. Krupka & Kwame N. Donaldson, 2013.
"Wages, Rents, And Heterogeneous Moving Costs,"
Economic Inquiry, Western Economic Association International, vol. 51(1), pages 844-864, January.
- Krupka, Douglas J. & Donaldson, Kwame, 2007. "Wages, Rents and Heterogeneous Moving Costs," IZA Discussion Papers 3224, Institute of Labor Economics (IZA).
- Zhang, Lei & Yi, Yimin, 2018. "What contributes to the rising house prices in Beijing? A decomposition approach," Journal of Housing Economics, Elsevier, vol. 41(C), pages 72-84.
- Riccardo Privitera & Daniele La Rosa, 2018. "Reducing Seismic Vulnerability and Energy Demand of Cities through Green Infrastructure," Sustainability, MDPI, vol. 10(8), pages 1-21, July.
- Kuminoff, Nicolai V. & Parmeter, Christopher F. & Pope, Jaren C., 2010. "Which hedonic models can we trust to recover the marginal willingness to pay for environmental amenities?," Journal of Environmental Economics and Management, Elsevier, vol. 60(3), pages 145-160, November.
- Rebecca Diamond, 2017.
"Housing Supply Elasticity and Rent Extraction by State and Local Governments,"
American Economic Journal: Economic Policy, American Economic Association, vol. 9(1), pages 74-111, February.
- Diamond, Rebecca, 2015. "Housing Supply Elasticity and Rent Extraction by State and Local Governments," Research Papers 3330, Stanford University, Graduate School of Business.
- Bates, Laurie J. & Santerre, Rexford E., 2001. "The Public Demand for Open Space: The Case of Connecticut Communities," Journal of Urban Economics, Elsevier, vol. 50(1), pages 97-111, July.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Xiaoping Zhou & Tong Lei & Yuyao Wang & Tianzheng Zhang & Yingjie Zhang & Yan Song & Yingxiang Zeng, 2022. "The spillover effect of senior neighbors on housing prices: Evidence from Beijing, China," Growth and Change, Wiley Blackwell, vol. 53(4), pages 1783-1812, December.
- Wang, Jianing & Lee, Chyi Lin, 2022. "The value of air quality in housing markets: A comparative study of housing sale and rental markets in China," Energy Policy, Elsevier, vol. 160(C).
- Cankun Wei & Meichen Fu & Li Wang & Hanbing Yang & Feng Tang & Yuqing Xiong, 2022. "The Research Development of Hedonic Price Model-Based Real Estate Appraisal in the Era of Big Data," Land, MDPI, vol. 11(3), pages 1-30, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Tianzheng Zhang & Yingxiang Zeng & Yingjie Zhang & Yan Song & Hongxun Li, 2020. "Dynamic and Heterogeneous Demand for Urban Green Space by Urban Residents: Evidence from the Cities in China," Sustainability, MDPI, vol. 12(22), pages 1-15, November.
- Christian A. L. Hilber, 2017.
"The Economic Implications of House Price Capitalization: A Synthesis,"
Real Estate Economics, American Real Estate and Urban Economics Association, vol. 45(2), pages 301-339, April.
- Christian A. L. Hilber, 2011. "The Economics Implications of House Price Capitalization: A Synthesis," SERC Discussion Papers 0091, Centre for Economic Performance, LSE.
- Hilber, Christian A. L., 2017. "The economic implications of house price capitalization: a synthesis," LSE Research Online Documents on Economics 62118, London School of Economics and Political Science, LSE Library.
- Hilber, Christian A. L., 2015. "The economic implications of house price capitalization: a synthesis," LSE Research Online Documents on Economics 61774, London School of Economics and Political Science, LSE Library.
- Heather M. Stephens & Mark D. Partridge, 2015.
"Lake Amenities, Environmental Degradation, and Great Lakes Regional Growth,"
International Regional Science Review, , vol. 38(1), pages 61-91, January.
- Stephens, Heather & Partridge, Mark, 2012. "Lake Amenities, Environmental Degradation, and Great Lakes Regional Growth," MPRA Paper 43903, University Library of Munich, Germany.
- Nicolai V. Kuminoff & V. Kerry Smith & Christopher Timmins, 2010. "The New Economics of Equilibrium Sorting and its Transformational Role for Policy Evaluation," NBER Working Papers 16349, National Bureau of Economic Research, Inc.
- Joséphine Leuba, 2019. "Natural amenities and the spatial distribution of Swiss income," IRENE Working Papers 19-04, IRENE Institute of Economic Research.
- Nicolai V. Kuminoff, 2018. "Can Understanding Spatial Equilibria Enhance Benefit Transfers for Environmental Policy Evaluation?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(3), pages 591-608, March.
- Xuan Huang & Bruno Lanz, 2018.
"The Value of Air Quality in Chinese Cities: Evidence from Labor and Property Market Outcomes,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(4), pages 849-874, December.
- Xuan Huang & Bruno Lanz, 2015. "The value of air quality in Chinese cities: Evidence from labor and property market outcomes," CIES Research Paper series 38-2015, Centre for International Environmental Studies, The Graduate Institute.
- Xuan Huang & Bruno Lanz, 2017. "The value of air quality in Chinese cities: Evidence from labor and property market outcomes," IRENE Working Papers 17-10, IRENE Institute of Economic Research.
- Craig E. Landry & Dylan Turner & Tom Allen, 2022. "Hedonic property prices and coastal beach width," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(3), pages 1373-1392, September.
- Nicolai V. Kuminoff & Jaren C. Pope, 2014. "Do “Capitalization Effects” For Public Goods Reveal The Public'S Willingness To Pay?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55(4), pages 1227-1250, November.
- Zhu, Juan & Jiang, Dequan & Shen, Yongjian & Shen, Yuxin, 2021. "Does regional air quality affect executive turnover at listed companies in China?," Economic Modelling, Elsevier, vol. 97(C), pages 428-436.
- Joshua Graff Zivin & Matthew Neidell, 2013.
"Environment, Health, and Human Capital,"
Journal of Economic Literature, American Economic Association, vol. 51(3), pages 689-730, September.
- Joshua Graff Zivin & Matthew Neidell, 2013. "Environment, Health, and Human Capital," NBER Working Papers 18935, National Bureau of Economic Research, Inc.
- Enrico Moretti, 2013.
"Real Wage Inequality,"
American Economic Journal: Applied Economics, American Economic Association, vol. 5(1), pages 65-103, January.
- Moretti, Enrico, 2008. "Real Wage Inequality," CEPR Discussion Papers 6997, C.E.P.R. Discussion Papers.
- Enrico Moretti, 2008. "Real Wage Inequality," NBER Working Papers 14370, National Bureau of Economic Research, Inc.
- Moretti, Enrico, 2008. "Real Wage Inequality," IZA Discussion Papers 3706, Institute of Labor Economics (IZA).
- Enrico Moretti, 2008. "Real Wage Inequality," Working Paper series 34_08, Rimini Centre for Economic Analysis.
- Daniel C. Monchuk & John A. Miranowski & Dermot J. Hayes & Bruce A. Babcock, 2007.
"An Analysis of Regional Economic Growth in the U.S. Midwest,"
Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 29(1), pages 17-39.
- Daniel C. Monchuk & John A. Miranowski & Dermot J. Hayes & Bruce A. Babcock, 2007. "An Analysis of Regional Economic Growth in the U.S. Midwest," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 29(1), pages 17-39.
- Monchuk, Daniel C. & Miranowski, John A. & Hayes, Dermot J. & Babcock, Bruce A., 2004. "An Analysis Of Regional Economic Growth In The Us Midwest," 2004 Annual meeting, August 1-4, Denver, CO 20369, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Daniel C. Monchuk & John Miranowski & Dermot J. Hayes & Bruce A. Babcock, 2005. "Analysis of Regional Economic Growth in the U.S. Midwest, An," Center for Agricultural and Rural Development (CARD) Publications 05-wp392, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Monchuk, Daniel C. & Miranowski, John & Hayes, Dermot J. & Babcock, Bruce A., 2005. "Analysis of Regional Economic Growth in the U.S. Midwest (An)," Staff General Research Papers Archive 12294, Iowa State University, Department of Economics.
- Monchuk, Daniel C. & Miranowski, John A & Hayes, Dermot J. & Babcock, Bruce, 2007. "An Analysis of Regional Economic Growth in the U.S. Midwest," ISU General Staff Papers 200701010800001411, Iowa State University, Department of Economics.
- Wolf, David & Klaiber, H. Allen & Gopalakrishnan, Sathya, 2022. "Beyond marginal: Estimating the demand for water quality," Resource and Energy Economics, Elsevier, vol. 68(C).
- Ning Jia & Raven Molloy & Christopher Smith & Abigail Wozniak, 2023.
"The Economics of Internal Migration: Advances and Policy Questions,"
Journal of Economic Literature, American Economic Association, vol. 61(1), pages 144-180, March.
- Ning Jia & Raven S. Molloy & Christopher L. Smith & Abigail Wozniak, 2022. "The Economics of Internal Migration: Advances and Policy Questions," Finance and Economics Discussion Series 2022-003, Board of Governors of the Federal Reserve System (U.S.).
- Jia, Ning & Molloy, Raven & Smith, Christopher L. & Wozniak, Abigail, 2022. "The Economics of Internal Migration: Advances and Policy Questions," IZA Discussion Papers 15047, Institute of Labor Economics (IZA).
- Giertz, Seth H. & Ramezani, Rasoul, 2018. "Taxes, Wage Capitalization and the Ability of States to Redistribute Income," GLO Discussion Paper Series 291, Global Labor Organization (GLO).
- David Albouy, 2009. "What Are Cities Worth? Land Rents, Local Productivity, and the Capitalization of Amenity Values," NBER Working Papers 14981, National Bureau of Economic Research, Inc.
- Yong Chen & David J. Lewis & Bruce Weber, 2016. "Conservation Land Amenities And Regional Economies: A Postmatching Difference-In-Differences Analysis Of The Northwest Forest Plan," Journal of Regional Science, Wiley Blackwell, vol. 56(3), pages 373-394, June.
- Hubert Jayet, 1996.
"L'analyse économique des migrations, une synthèse critique,"
Revue Économique, Programme National Persée, vol. 47(2), pages 193-226.
- Hubert Jayet, 1996. "L'analyse économique des migrations, une synthèse critique," Post-Print hal-02345205, HAL.
- Partridge, Mark D. & Rickman, Dan S., 2012.
"Integrating regional economic development analysis and land use economics,"
MPRA Paper
38291, University Library of Munich, Germany.
- Mark D. Partridge & Dan S. Rickman, 2012. "Integrating Regional Economic Development Analysis and Land Use Economics," Economics Working Paper Series 1203, Oklahoma State University, Department of Economics and Legal Studies in Business.
More about this item
Keywords
urban parks; home buyers; renters; hedonic price model; heterogeneous demand;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:12:y:2020:i:21:p:9058-:d:437870. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.