IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v12y1980i7p747-764.html
   My bibliography  Save this article

Evaluating the Effects of Transportation—Land-Use Policies on Housing Values and Household Welfare

Author

Listed:
  • A Anas

    (Urban and Regional Planning Program, Department of Civil Engineering, Northwestern University, Evanston, Illinois 60201, USA)

Abstract

In a previous article published in this journal (Anas, 1979a), a simulation model developed by the author was used to examine the impact of transit investment on property values in an urban transportation corridor that had a completely centralized employment distribution. The present paper examines the effect of rail-transit investment in the context of various scenarios which deal with urban employment decentralization, housing distribution, transportation pricing, and income composition. From these simulations it appears that under a variety of assumptions regarding urban change the taxation of short-run differential changes in property values caused by transit investment can raise only a small portion of the cost of typical transit investments. The distinctive feature of the simulation model is that it is consistent with the discrete-choice theory of travel demand currently used in transportation planning and travel-demand prediction. But whereas the state of the art in transportation planning ignores the simultaneity of transportation changes and price changes in the housing market, the model developed here is a first attempt to deal with these effects by incorporating discrete-choice theory into a Walrasian market-equilibration procedure. In addition to being a theoretical alternative to the classical bid-rent model, still made use of by urban economists, the new approach is computationally efficient and suitable for large-scale simulation.

Suggested Citation

  • A Anas, 1980. "Evaluating the Effects of Transportation—Land-Use Policies on Housing Values and Household Welfare," Environment and Planning A, , vol. 12(7), pages 747-764, July.
    • Handle: RePEc:sae:envira:v:12:y:1980:i:7:p:747-764
    DOI: 10.1068/a120747
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/a120747
    Download Restriction: no
    File URL: https://libkey.io/10.1068/a120747?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Kim, Tschangho John, 1979. "Alternative transportation modes in an urban land use model: A general equilibrium approach," Journal of Urban Economics, Elsevier, vol. 6(2), pages 197-215, April.
    2. A Anas, 1979. "The Impact of Transit Investment on Housing Values: A Simulation Experiment," Environment and Planning A, , vol. 11(3), pages 239-255, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Allen, W. Bruce, 1987. "Value Capture in Transit," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 28(1).

    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.
    1. P Gordon & J E Moore II, 1989. "Endogenizing the Rise and Fall of Urban Subcenters via Discrete Programming Models," Environment and Planning A, , vol. 21(9), pages 1195-1203, September.
    2. Allen, W. Bruce, 1987. "Value Capture in Transit," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 28(1).
    3. W D Macmillan, 1993. "Urban and Regional Modelling: Getting it Done and Doing it Right," Environment and Planning A, , vol. 25(1_suppl), pages 56-68, January.
    4. A Anas, 1984. "Discrete Choice Theory and the General Equilibrium of Employment, Housing, and Travel Networks in a Lowry-Type Model of the Urban Economy," Environment and Planning A, , vol. 16(11), pages 1489-1502, November.
    5. David Jung-Hwi Lee & Jean-Michel Guldmann, 2023. "Optimal Regional Allocation of Future Population and Employment under Urban Boundary and Density Constraints: A Spatial Interaction Modeling Approach," Land, MDPI, vol. 12(2), pages 1-33, February.
    6. Anas, Alex, 2012. "The optimal pricing, finance and supply of urban transportation in general equilibrium: A theoretical exposition," Economics of Transportation, Elsevier, vol. 1(1), pages 64-76.
    7. P Prastacos, 1986. "An Integrated Land-Use—Transportation Model for the San Francisco Region: 1. Design and Mathematical Structure," Environment and Planning A, , vol. 18(3), pages 307-322, March.
    8. Paul A. Longley & Richard Dunn, 1988. "Graphical Assessment of Housing Market Models," Urban Studies, Urban Studies Journal Limited, vol. 25(1), pages 21-33, February.
    9. Felix Creutzig & Rainer Mühlhoff & Julia Römer, 2012. "One Planet Mobility - Transforming Cities towards Low-Carbon Mobility," Working Papers 1, Department of Climate Change Economics, TU Berlin, revised Feb 2012.
    10. J Berechman & K A Small, 1988. "Research Policy and Review 25. Modeling Land Use and Transportation: An Interpretive Review for Growth Areas," Environment and Planning A, , vol. 20(10), pages 1285-1309, October.
    11. Xiyan (Jamie) Wang, 2017. "Subway capitalization effect in Beijing: Theory and evidence on the variation of the subway proximity premium," Papers in Regional Science, Wiley Blackwell, vol. 96(3), pages 495-518, August.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    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:sae:envira:v:12:y:1980:i:7:p:747-764. 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: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.