Essays on Land Development, Housing Markets, and Environment

Download or read book Essays on Land Development, Housing Markets, and Environment written by Haoying Wang and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation research takes three different approaches to study the urban land development process, mainly from a supply side perspective. The three approaches are organized into different essay chapters. Each chapter has its independent framework and methodology. Chapter 2 uses numerical optimization methods to explore how residential households allocate across space with introduction of distance related amenity/disamenity, as well as under nonmonocentric urban spatial structure. Chapter 3 proposes an agent-based simulation of housing market and land development to understand the role of home improvement as part of housing supply. An important feature of the proposed agent-based simulation model is that it allows for neighborhood spillover effects among home improvement activities. Chapter 4 assembles a micro panel data to empirically investigate the relationship between manufacturing decline and increased residential land development in Allegheny county, PA. One policy implication of the results is that, there might be a significant underestimate of household willingness to pay (WTP) for better air quality, due to the supply side effect of manufacturing decline induced air quality change.