New Highways, House Prices, and Urban Development: A Case Study of Toll Roads in Orange County, CA

Abstract

We examine the link between highways and urban development by employing both hedonic analysis and multiple sales techniques to study the impact of the construction of toll roads in Orange County, California, on house prices. Urban economic theory predicts that if highways improve accessibility, that accessibility premium will be reflected in higher land… (More)

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8 Figures and Tables