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Equilibrium Outcomes and Amenity Valuation in a Multispatial Residential Sorting Framework

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  • Mitchell R. Livy
  • H. Allen Klaiber

Abstract

This article investigates the role of spatial scale in recovering resident preferences and evaluating policy effects after changes in environmental amenities. As homeowners choose locations, different trade-offs occur across spatial scales, which jointly determine observed choices and equilibrium outcomes. To explore these trade-offs, we develop a multispatial residential location choice model at the school attendance boundary and the residential neighborhood levels that demonstrates the spatially varying influence of environmental amenities on location choice. Furthering this analysis, welfare simulations provide evidence that tradeoffs interact across space in various ways to shape welfare implications and distributional outcomes arising from policy.

Suggested Citation

  • Mitchell R. Livy & H. Allen Klaiber, 2021. "Equilibrium Outcomes and Amenity Valuation in a Multispatial Residential Sorting Framework," Land Economics, University of Wisconsin Press, vol. 97(3), pages 509-527.
    • Handle: RePEc:uwp:landec:v:97:y:2021:i:3:p:509-527
    Note: DOI: 10.3368/wple.97.3.070319-0090R1
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    More about this item

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions

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