Endogenous open space amenities in a locational equilibrium

Urban Farm DB summary

Uses a locational-equilibrium model that treats both privately held open space and land-conversion decisions as endogenous to evaluate the metropolitan-wide impact of open-space policy. Shows that once endogenous adjustment of private open space is allowed for, expanding public preserves can actually reduce the total quantity of open space across a metropolitan area. Also finds that different strategies for spending the same open-space budget have markedly different land-use and welfare consequences.