THE SOCIAL BENEFITS OF URBAN CULTURAL AMENITIES*

ABSTRACT. This paper uses a two-stage hedonic wage approach to derive the benefits from improvement of five cultural amenities. It is argued that the hedonic approach permits valuation of both private and local public aspects of cultural goods since access to the amenity is an essential input in the production of the final service flow. Empirical estimates of willingness to pay suggest price and income elasticities are approximately unity. Lower-bound estimates of marginal benefits for a representative city range from $0.85 million for an additional theater to $57.9 million for an additional zoo facility.     

NETWORK EQUILIBRIUM MODELS OF URBAN LOCATION AND TRAVEL CHOICES: A RETROSPECTIVE SURVEY*

ABSTRACT The origins and development of the network equilibrium problem are traced and interrelated. Two principal formulations are considered the network equilibrium problem with variable travel demand, and the combined model of trip distribution and traffic assignment. The relation of these models to subsequent developments concerning mode choice, residential location, estimation of origin-destination tables from link flows and stochastic route choice are then reviewed.     

The Spatial Structuring of Central Places

The spatial structuring of “classical” central place systems is the primary concern of this research. Emphasizing the development of such systems from basic spatial relations between centers and hinterland locations (rather than as a result of an underlying geometry of regions), this paper takes an optimization approach to the siting of central places in a single-good system. The objective function is shown to be one that maximizes both market coverage of demand and market overlap. Access to this objective is given through the natural slack covering model.     

Rational versus Heuristic Decision Making during Residential Search

The decisions of seventy household members during a residential search for a new home for owner-occupancy were measured in a search simulation game. Their decisions both to inquire about homes during the search, and to select a new home at the termination of the search, were more accurately predicted by a heuristic decision-making model than by a rational model.