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dc.contributor.authorHe, He
dc.contributor.authorPonce Lopez, Roberto
dc.contributor.authorFerreira, Joseph
dc.contributor.authorZegras, Pericles Christopher
dc.date.accessioned2020-08-28T11:43:35Z
dc.date.available2020-08-28T11:43:35Z
dc.date.issued2019-09
dc.identifier.issn2352-1465
dc.identifier.urihttps://hdl.handle.net/1721.1/126837
dc.description.abstractThe objective of the study is to determine how well different measures of accessibility represent household and market preferences in property valuations. Specifically, the authors explore the appropriateness, advantages, and limitations of personalized accessibility measures [consumer surplus, activity-based accessibility (ABA)] compared to aggregate accessibility measures (gravity-based accessibility). Similarly, the authors compare accessibility measures that account for individuals’ daily activity schedules (ABA) to those that do not (consumer surplus, gravity-based accessibility). Furthermore, the authors consider different approaches to aggregating personalized measures when necessary. Namely, a household’s willingness-to-pay should reflect a summary of the accessibility of its members, and the market price for a property should reflect a summary of the market’s accessibility preferences. The authors conduct their study in the context of Singapore.en_US
dc.language.isoen
dc.publisherElsevier BVen_US
dc.relation.isversionof10.1016/J.TRPRO.2019.09.110en_US
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivs Licenseen_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/en_US
dc.sourceElsevieren_US
dc.titleRepresenting accessibility in property valuations and willingness-to-payen_US
dc.typeArticleen_US
dc.identifier.citationHe, He et al. “Representing accessibility in property valuations and willingness-to-pay.” Transportation Research Procedia, 41 (September 2019): 617–620 © 2019 The Author(s)en_US
dc.contributor.departmentMassachusetts Institute of Technology. Department of Urban Studies and Planningen_US
dc.relation.journalTransportation Research Procediaen_US
dc.eprint.versionFinal published versionen_US
dc.type.urihttp://purl.org/eprint/type/JournalArticleen_US
eprint.statushttp://purl.org/eprint/status/PeerRevieweden_US
dc.date.updated2020-08-27T18:46:32Z
dspace.date.submission2020-08-27T18:46:34Z
mit.journal.volume41en_US
mit.licensePUBLISHER_CC


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