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Housing And Commuting: The Theory Of Urban Residential Structure - A Textbook In Urban Economics

Housing And Commuting: The Theory Of Urban Residential Structure - A Textbook In Urban Economics
Author: John Yinger
Publisher: World Scientific Publishing Company
Total Pages: 1057
Release: 2017-12-21
Genre: Political Science
ISBN: 9813206683

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The field of urban economics is built on an analysis of housing prices, land rents, housing consumption, spatial form, and other aspects of urban residential structure. Drawing on the journal publications and teaching notes of Professor John Yinger of Syracuse University, Housing and Commuting: The Theory of Urban Residential Structure presents a simple model of urban residential structure and shows how the model's results change when key assumptions are made more realistic. This book provides a wide-ranging introduction to research on urban residential structure. Topics covered range from theoretical analysis of urban structure with different transportation systems or multiple worksites to empirical work on the impact of local public services on house values and the impact of racial prejudice and discrimination on housing choices. Graduate students and scholars who want to learn about research in urban economics will find this book to be a good starting point.


Hot Property

Hot Property
Author: Rob Nijskens
Publisher: Springer
Total Pages: 220
Release: 2019-06-14
Genre: Business & Economics
ISBN: 3030116743

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This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.


Innovation in Public Transport Finance

Innovation in Public Transport Finance
Author: Shishir Mathur
Publisher: Routledge
Total Pages: 190
Release: 2016-05-23
Genre: Business & Economics
ISBN: 1317116437

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With all levels of governments currently, and for the foreseeable future, under significant fiscal stress, any new transit funding mechanism is to be welcomed. Value capture (VC) is one such mechanism, which involves the identification and capture of a public infrastructure-led increase in property value. This book reviews four major VC mechanisms: joint development projects; special assessment districts; impact fees; and tax increment financing; all of which are used to fund transit in the United States. Through the study of prominent examples of these VC mechanisms from across the US, this book evaluates their performance focusing on aspects such as equity, revenue-generating potential, stakeholder support, and the legal and policy environment. It also conducts a comparative assessment of VC mechanisms to help policy makers and practitioners to choose one, or a combination of VC mechanisms. Although the book focuses on the US, the use of the VC mechanisms and the urgent need for additional revenue to fund public transportation are world-wide concerns. Therefore, an overview of the VC mechanisms in use internationally is also provided.


The Effect of Housing Market Segmentation on Commuting

The Effect of Housing Market Segmentation on Commuting
Author:
Publisher:
Total Pages: 287
Release: 2005
Genre:
ISBN:

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This study examines the role of urban spatial structure on commuting. Among the many forces that constitute the dimensions of urban structure, it is focused on the fragmentation of a metropolitan area into distinct housing submarkets. The study refers to this phenomenon as "housing market segmentation". Empirical analysis of the relationship between housing market segmentation and commute length in 85 metropolitan areas shows that housing market segmentation (as a component of urban spatial structure) lengthens commute distances. The operationalization of the IHMS rests on the definition of housing submarkets, which are derived by means of a fuzzy c -means algorithm. The performance of fuzzy clustering is evaluated in comparison with that of k -means methods. An F -test confirms that fuzzy clustering outperforms hard clustering. Fuzzy clustering is shown to be of great use in the classification of housing markets based on census data. The index of housing market segmentation is measured for 85 metropolitan areas. Housing market tends to be more segmented in large metropolitan areas while housing market segmentation is not correlated with geographic region. Complexity of industrial structure and racialized process of residential development seems to contribute to a high degree of housing market segmentation. Regression analysis of metropolitan-wide commute length shows that commute time is affected by labor market scale (e.g., the number of workers), labor market structure (e.g., composition of industry, specialization or diversification), labor market performance (e.g., unemployment), socioeconomic variables (e.g., income, age, ethnic composition), modal split, and urban form features (e.g., housing density). When commute length is defined in terms of vehicle miles, housing market segmentation is found to be an important contributing factor. The study indicates that disparity between residential neighborhoods (i.e., housing market segmentation as a component of urban structure) can impose negative impact on sustainable transportation.


Is Transport Infrastructure Effective?

Is Transport Infrastructure Effective?
Author: Piet Rietveld
Publisher: Springer Science & Business Media
Total Pages: 391
Release: 2012-12-06
Genre: Political Science
ISBN: 3642722326

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When in 1989 the authors started research on infrastructure, they did not foresee that this would lead to a long-term involvement in this area. Our beginning happened to coincide with the publication of David Aschauer's article on public capital and productivity, which induced a large flow of publications in this field. Infrastructure has indeed been a hot topic in policy and research during the past decade. It is surprising, however, that the number of monographs on spatial and economic impacts of infrastructure has remained very limited. The aim of this book is to contribute to the literature in a consolidated way. A distinguishing feature of our book is that we analyze infrastructure impacts using various methods (both modelling and non-modelling) at a variety of spatial levels (from local to international). Other special features are that we make ample use of 'accessibility' as a bridge concept between the areas of infrastructure and the economy. Finally, we not only treat transport infrastructure projects as given, as is the usual approach in infrastructure impact research, but we also analyze the factors influencing infrastructure supply. We have adopted a mainly non-technical approach throughout most of the book. This means that it can also be used by readers without a strong back ground in statistics, modelling or micro-economics.