The Economic Value of the Pedestrian Space in Taipei City─an Application of the Hedonic Price Method

• Main Authors: Chia_Ying, Liu, 劉嘉瑩
• Other Authors: Yu_Sheng, Jiang
• Format: Others
• Language: zh-TW
• Published: 2002
• Online Access: http://ndltd.ncl.edu.tw/handle/80986018056540814394

碩士 === 國立成功大學 === 都市計劃學系 === 90 === The automobile-oriented planning theory of urban space has made cities losing its livability gradually. Lately, the new trend of thoughts of returning to humanity is arising and starts to be treated as important. Most researches which related to pedestrian space focused on the meaning of pedestrian traffic, the designs of physical environment and equipments of pedestrian space, and the measurement of the levels of service for pedestrians; only a few considered the value of pedestrian space from economic point of view. This study tries to use the hedonic price method and take the pedestrian quality as one of the attributes which effect house price and retail rent to estimate the hedonic price functions, and to derive the economic value of pedestrian space from the estimating results. The major conclusions of the study can be summarized as follows: (1)Higher level of service for pedestrians would be beneficial to house owners, and its average marginal WTP price is estimated about 230 thousands NT dollars; inversely, lower level of service for pedestrians which means more crowded would be beneficial to retail renters. And its average marginal WTP rent is estimated about 1,450 NT dollars per month. (2)The WTP price of house owners would increase about 140 thousands NT dollars and the WTP rent of retail renters would increase about 4,600 NT dollars per month as the width of pedestrian space could be broadened by one meter. (3)Areas with better pedestrian quality could create higher housing price and retail rent. The housing price could be higher than other districts around 0.2% to 11.3%, and the retail rent could increase around 3% to 62%. (4)When the condition of the pedestrian space is too worse to walk on, the housing price of that district will lose around 7.3% to 14.5%. (5)Retail renters are more sensitive to the value of a good pedestrian space than house owners.