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Apartment Rents: Another Challenge to the Monocentric Model
Author(s) -
Hoch Irving,
Waddell Paul
Publication year - 1993
Publication title -
geographical analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.773
H-Index - 65
eISSN - 1538-4632
pISSN - 0016-7363
DOI - 10.1111/j.1538-4632.1993.tb00277.x
Subject(s) - economic rent , apartment , amenity , renting , externality , economics , business , microeconomics , finance , engineering , civil engineering
Extension of hedonic modeling strategy to the case of apartment rents in the Dallas region reveals the influence of a complex network of activity centers and highway axes. Nodes other than the CBD exert greater influence on rents than the CBD and amenity variables and externalities have both positive and negative effects. These findings demand reevaluation of the place normally assigned to higher‐density rental housing in urban models.