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dc.contributor.authorAhlfeldt, Gabriel M.en_US
dc.description.abstractThis paper assesses impact of accessibility corresponding to three distinct modes of urban transportation. The Alonso hypothesis of residents being fully compensated for rents increasing with proximity to CBD by employment opportunities is tested by application of a hedonic model using micro level data to explain standard land values in Berlin. Access to employment as well as location endowments with natural amenities and publicly and privately provided services are captured by potentiality variables. Similarly, impact of population potentiality is assessed for business properties. Accessibility generated by urban rail network is clearly found to have positive impacts on property prices and fully explains attractiveness of urban centrality for business. For residential properties, however, impact of proximity to CBD cannot be completely explained by employment opportunities revealing that the CBD provides additional services valued by residents.en_US
dc.publisherUniv, Fak. Wirtschafts- und Sozialwiss., Dep. Wirtschaftswiss. Hamburgen_US
dc.relation.ispartofseriesHamburg contemporary economic discussions 12en_US
dc.subject.keywordMarket Accessen_US
dc.subject.keywordEmployment Accessen_US
dc.subject.keywordLand Valuesen_US
dc.subject.keywordPolycentric Cityen_US
dc.subject.keywordUrban Transporten_US
dc.titleIf Alonso was right: accessibility as determinant for attractiveness of urban locationen_US
dc.typeWorking Paperen_US
Appears in Collections:Hamburg Contemporary Economic Discussions, Lehrstuhl für Wirtschaftspolitik, Universität Hamburg

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