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    Electronic Resource
    Electronic Resource
    Boston, USA and Oxford, UK : Blackwell Publishing Inc
    Journal of regional science 43 (2003), S. 0 
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Abstract We formulate a microeconomic model of residential location choice behavior as an aggregate of the individual behaviors of household members, subject to individual time constraints and a common income budget. A simplified version of the model is estimated from stated preference rank-order data, yielding a function that may be interpretated as a conditional indirect utility function. We consider Box-Tukey transformations, segmentation by income class, and a consistent treatment of data at different rank depths using the simultaneous mixed-estimation method. Measures of the household's willingness-to-pay (through rents) for reducing travel times to work and study in the short run, are interpreted as subjective values of time and compared with such values derived from mode choice models. Our results are plausible, and consistent with recent findings showing that the short-run benefits of transport projects derived by transport models are larger than benefits measured at the land use system.
    Type of Medium: Electronic Resource
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