IF ALONSO WAS RIGHT: MODELING ACCESSIBILITY AND EXPLAINING THE RESIDENTIAL LAND GRADIENT

Authors


  • I would like to thank the local Committee of Valuation Experts in Berlin, particularly Thomas Sandner, for providing transaction data. Markus Breithaupt, Wolfgang Nickel and Monika Wosnitzka from the Berlin Senate Department are acknowledged for help with spatial data. Felix Schreyvogel is acknowledged for excellent research assistance. I also thank Oliver Bischof, Arne Feddersen, Wolfgang Maennig, Mark Partridge and Nicolai Wendland and three anonymous referee for valuable comments and suggestions.

Abstract

ABSTRACT This study provides an empirical evaluation of employment accessibility as a determinant of urban land price. We find that the monocentric model, despite recent criticism, can perform satisfyingly if the hedonic value of land is identified in an account of structural and neighborhood characteristics. Gravity employment accessibility measures, however, can explain the residential land gradient entirely and disentangle positive accessibility effects from negative congestion effects related to transport infrastructure. They can therefore be recommended as an appropriate mean to account for labor market accessibility in an environment of dispersed employment, at least if the transport geography is accounted for.

Ancillary