Cultural heritage and the location choice of Dutch households in a residential sorting model

Mark van Duijn*, Jan Rouwendal

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

42 Citations (Scopus)

Abstract

Recent research has stressed the role of consumer amenities for urban development. In this article, we investigate the impact of cultural heritage on the attractiveness of cities by analyzing the location choice of households. We develop and estimate a residential sorting model that allows us to compute the marginal willingness to pay for cultural heritage as well as other urban amenities. Since the attractiveness of residential locations may be affected by amenities of other nearby locations as well, we extend the model to incorporate these effects, using spatial econometric techniques. Our model accounts for unobserved amenities, heterogeneity of preferences among households and spatial correlation between observed and unobserved amenities. The results confirm that cultural heritage has a substantial impact on the attractiveness of cities.
Original languageEnglish
Pages (from-to)473-500
Number of pages28
JournalJournal of Economic Geography
Volume13
Issue number3
Early online date9-Sep-2012
DOIs
Publication statusPublished - Apr-2013

Keywords

  • PRODUCT DIFFERENTIATION
  • EQUILIBRIUM-MODELS;
  • EDUCATION;
  • FINANCE
  • PRICES

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