Income, residential location, and mode choice
Article Abstract:
A model of mode choice among urban commuters is developed. In this framework, commuters select a particular mode with the aim of reducing the money and opportunity costs of travel. Analysis shows that the marginal cost of commuting may be zero or negative. Moreover, wage-rate elasticity of marginal commuting cost can also be zero or negative. Models that do not include mode choice limit these variables to be positive. In a model with mode choice, the wage-rate elasticity of marginal commuting cost can go beyond unity, unlike models without mode choice which confine it to below unity. Another difference is that the wage-rate elasticity of marginal commuting cost may drop with the wage rate while models with no mode choice limit may rise with the wage rate. Lastly, marginal commuting cost's wage-rate elasticity may be a constant in a model.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Measuring the importance of location in house price appreciation
Article Abstract:
The variation in the rates of house price appreciation within an individual metropolitan market is examined. The focus of the study is the location variation in house price shifts in Dade County, FL, between 1971 and 1992. Results show that a little above 50% of the 79 census tract groups had an appreciation of rates significantly different from the Miami average. It appears that house price appreciation is to some extent spatially related. This means that it differs by municipality, distance from the central business district, local changes in population and housing units and ethnic mix. Nevertheless, these relationships did not exhibit significant explanatory power. The influence of tract group location seems to be controled by the unique effects of individual homes and their surrounding environments.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Mortgage and rental qualification criteria, household location decisions, and urban form
Article Abstract:
The effect is examined of a binding housing share constraint on monocentric urban form and household location decisions. New calculations and comparative statics are offered for each effect. The comparative static results are generally ambiguous, but do permit determination of some circumstances within which households or the urban boundary will expand out or in with relaxation of the restraint. New calculations suggest that households will select more distant locations and that monocentric cities will have more distant boundaries, relative to equilibria that are not constrained. Simulations show that the incentive for having a ceiling on the total of housing expenditure and commuting versus housing expenditures alone is probably not significant, given the assumed relative size of commuting expenses.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1988
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: A joint model of residential and employment location in urban areas. Socially Optimal and Equilibrium Distributions of Office Activity: Models with Exogenous and Endogenous Contacts
- Abstracts: Representative bureaucracy, tokenism and the glass ceiling: the case of women in Quebec municipal administration
- Abstracts: Interregional flows of funds as a measure of economic integration in the United States. Spatial variations in production costs
- Abstracts: Explaining home improvement in the context of household investment in residential housing. Estimating the implicit price of energy efficiency improvements in the residential housing market: a hedonic approach