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Articles 1 - 4 of 4
Full-Text Articles in Urban Studies and Planning
The Hedonic Method Of Valuing Environmental Policies And Quality, Philip E. Graves
The Hedonic Method Of Valuing Environmental Policies And Quality, Philip E. Graves
PHILIP E GRAVES
Benefit-cost analysts attempt to compare two states of the world, the status quo and a state in which a policy having benefits and costs is being contemplated. For environmental policies, this comparison is greatly complicated by the difficulty in inferring the values that individuals place on an increment to environmental quality. Unlike ordinary private goods, environmental goods are not directly exchanged in markets with observable prices. In this chapter, the hedonic approach to inferring the benefits of an environmental policy is examined.
The Peculiar Immobility: Regional Affinity And The Postbellum Black Migrant, Philip E. Graves, Robert L. Sexton, Richard Vedder
The Peculiar Immobility: Regional Affinity And The Postbellum Black Migrant, Philip E. Graves, Robert L. Sexton, Richard Vedder
PHILIP E GRAVES
Why did newly freed slaves and their descendants wait a half a century before migrating in large numbers to the superior economic opportunities in the North? Census lifetime migration data on both movers and stayers are examined intertemporally for both whites and blacks. Regression analysis reveals that before 1920 Southern blacks had a very strong affinity for the "Southern way of life."
Non-Optimal Levels Of Suburbanization, Philip E. Graves
Non-Optimal Levels Of Suburbanization, Philip E. Graves
PHILIP E GRAVES
Suburbanization has many causes, among which is the attempt to relocate to acquire a more desirable vector of local public goods. The traditional economists' procedure for valuing public goods involves vertical aggregation of marginal willingness to pay, at a given income level. This approach is flawed by failing to recognize that individuals will not work for goods that cannot be acquired individually with higher incomes. There will be a parallel input market failure any time there is a public good output market failure, thus the `given income' of the traditional valuation method is too low. Hence, traditional valuation methods result …
The Urban Growth Question, Philip E. Graves
The Urban Growth Question, Philip E. Graves
PHILIP E GRAVES
City size is controversial...we present a paper that trades off the benefits and the costs of increased size. The issues are inevitably present.