00935400

Component

https://doi.org/10.3141/1805-04

http://scholar.google.com...Dunn&publication_year=2002

Specifications of accessibility indices range from simple minimum-travel-time indices, to measures of cumulative opportunities within specified distance or time thresholds, to maximum utility measures. Models are presented that relate a variety of general accessibility indices for the Dallas-Fort Worth region of Texas to property valuations for single-family dwelling units and commercial units, and to household residential location choices. Hedonic models are used to assess how important access is to property valuations, while controlling for improvement attributes and parcel size. Multinomial logit models are used to derive logsum measures of accessibility as well as to assess the effect of access on location choices, while controlling for household demographics. Three functional specifications of access measures were used. Job accessibility (a proxy for work and other opportunities) was estimated to affect residential land values positively in statistically and economically significant ways, suggesting--as hypothesized here--that land rents track property owners' assessments of accessibility, whereas other common accessibility measures do not perform as well. After controlling for this measure, access to park space (proxy for availability of outdoor recreational activities) and access to retail jobs (proxy for shopping opportunities) were not valued in the land market. Distances to regional central business districts and household heads' workplace locations played important roles in location predictions, often in the presence of the more general access measures. Residential location choice model results suggested which indices are better measures of accessibility. Different functional specifications appeared useful here. Cumulative opportunities access measures were most helpful in predicting residence location, but differences in predictive power were relatively small.

This paper appears in Transportation Research Record No. 1805, Travel Demand and Land Use 2002.

English

p. 25-34

2002

Transportation Research Record

0309077311

Figures (1) ; References (21) ; Tables (5)

Accessibility; Central business districts; Choice models; Demographics; Forecasting; Households; Jobs; Logits; Multinomials; Property values; Residential location; Workplaces

Hedonic models

Dallas-Fort Worth Metropolitan Area

Economics; Highways; Planning and Forecasting; Society; I10: Economics and Administration; I72: Traffic and Transport Planning

TRIS, TRB

Dec 13 2003 12:00AM

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• ALTERNATIVE FUTURES FOR INTEGRATED TRANSPORTATION AND LAND USE MODELS CONTRASTED WITH TREND-DELPHI MODELS: PORTLAND, OREGON, METRO RESULTS
• AUTOMOBILE OWNERSHIP ANALYSIS USING ORDERED PROBIT MODELS
• DESIGN OF AN INTEGRATED LAND USE AND ACTIVITY-BASED TRAVEL MODEL SYSTEM FOR THE PUGET SOUND REGION
• EFFECTS OF IN-FILL RETAIL CENTER DEVELOPMENT ON REGIONAL TRAVEL PATTERNS
• FLEXIBLE MODELING STRATEGIES FOR ASSESSING THE INFLUENCE OF TRANSPORTATION ON ACCESSIBILITY
• HOUSEHOLD TRAVEL BEHAVIOR IN DEVELOPING COUNTRIES: NESTED LOGIT MODEL OF VEHICLE OWNERSHIP, MODE CHOICE, AND TRIP CHAINING
• INCORPORATING NONMOTORIZED MODE AND NEIGHBORHOOD ACCESSIBILITY IN AN INTEGRATED LAND USE AND TRANSPORTATION MODEL SYSTEM
• MICROSIMULATION IN TRAVEL DEMAND MODELING: LESSONS LEARNED FROM THE NEW YORK BEST PRACTICE MODEL
• MIXED LOGIT (OR LOGIT KERNEL) MODEL: DISPELLING MISCONCEPTIONS OF IDENTIFICATION
• PREDICTION OF RECREATIONAL TRAVEL USING GENETICALLY DESIGNED REGRESSION AND TIME-DELAY NEURAL NETWORK MODELS
• SPATIAL TRANSFERABILITY OF THE ALBATROSS MODEL SYSTEM: EMPIRICAL EVIDENCE FROM TWO CASE STUDIES
• TRADITIONAL NEIGHBORHOODS AND AUTOMOBILE OWNERSHIP
• TRANSIT'S VALUE-ADDED EFFECTS: LIGHT AND COMMUTER RAIL SERVICES AND COMMERCIAL LAND VALUES
• TRANSPORTATION INVESTMENTS AND URBAN FORM
• UNCERTAINTY PROPAGATION IN AN INTEGRATED LAND USE-TRANSPORTATION MODELING FRAMEWORK: OUTPUT VARIATION VIA URBANSIM