A note on the value of foregone open space in sprawling cities
Rouwendal, J. & Vermeulen, W.
(2012).
A note on the value of foregone open space in sprawling cities.
(SERC Discussion Papers SERCDP0101).
Spatial Economics Research Centre (SERC), London School of Economics and Political Science.
Foregone benefits of the open space that is sacrificed through urban sprawl are hard to quantify. We obtain a simple benchmark measure by introducing a demand for trips beyond the urban boundary into the monocentric city model. The externality arises from the increase in travel costs that expansion of the city imposes on its prior inhabitants. An empirical application illustrates the moderate informational requirements. It indicates that open space externalities warrant rather mild restrictions on urban expansion.
| Item Type | Working paper |
|---|---|
| Copyright holders | © 2012 The Authors |
| Departments | LSE > Research Centres > Centre for Economic Performance > Urban and Spatial Programme |
| Date Deposited | 15 Jul 2014 |
| URI | https://researchonline.lse.ac.uk/id/eprint/57860 |