TY - JOUR
T1 - Modeling recreational amenities in an urban setting
T2 - Location, congestion, and substitution effects
AU - Homans, Frances R.
AU - Marshall, Elizabeth P.
PY - 2008/10
Y1 - 2008/10
N2 - In this article, we introduce a recreational amenity-a greenbelt park-into a simple urban economic model. For multiple possible park placements, we solve for the associated equilibrium urban structure, including the equilibrium rent gradient, city boundary, total number of park visits, the overall utility level, and total vehicle miles traveled. We examine how these change with alternative park placement sites. We then show how two modifications of the basic model-allowing congestion at the site to affect site quality, and introducing the possibility of a substitute site at the city's periphery-affect our conclusions about how greenbelt location influences urban structure.
AB - In this article, we introduce a recreational amenity-a greenbelt park-into a simple urban economic model. For multiple possible park placements, we solve for the associated equilibrium urban structure, including the equilibrium rent gradient, city boundary, total number of park visits, the overall utility level, and total vehicle miles traveled. We examine how these change with alternative park placement sites. We then show how two modifications of the basic model-allowing congestion at the site to affect site quality, and introducing the possibility of a substitute site at the city's periphery-affect our conclusions about how greenbelt location influences urban structure.
KW - Congestion
KW - Greenbelt
KW - Urban structure
UR - http://www.scopus.com/inward/record.url?scp=57449117168&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=57449117168&partnerID=8YFLogxK
U2 - 10.1017/S106828050000304X
DO - 10.1017/S106828050000304X
M3 - Article
AN - SCOPUS:57449117168
SN - 1068-2805
VL - 37
SP - 257
EP - 272
JO - Agricultural and Resource Economics Review
JF - Agricultural and Resource Economics Review
IS - 2
ER -