The two notions of amenities in spatial economics
Source ↗
👁 15
💬 0
Spatial economists use the word “amenity” in two imperfectly aligned ways. The first refers to place-specific services that are not explicitly transacted and hence do not directly appear in the budget constraint. The second refers to place-specific residuals because the researcher lacks relevant price or expenditure data. Sometimes these concepts are aligned, but they are far from synonymous.
These inconsistent notions co-exist in part because the phrase “urban amenity”
These inconsistent notions co-exist in part because the phrase “urban amenity”
Comments (0)