Accessibility, Equity and Efficiency

Accessibility, Equity and Efficiency

Challenges for Transport and Public Services

NECTAR Series on Transportation and Communications Networks Research

Edited by Karst T. Geurs, Roberto Patuelli and Tomaz Ponce Dentinho

Accessibility models not only help to explain spatial and transport developments in developed and developing countries but also are powerful tools to explain the equity and efficiency impacts of urban and transport policies and projects. In this book, leading researchers from around the world show the importance of accessibility in contemporary issues such as rural depopulation, investments in public services and public transport and transport infrastructure investments in Europe.

Chapter 10: The value of bicycle trail access in home purchases

Paul Mogush, Kevin J. Krizek and David Levinson

Subjects: economics and finance, public sector economics, transport


Many cities, through public dialogues, community initiatives and other land use and transportation policies, are striving to enhance their ‘livability’. While ‘livability’ is a relatively ambiguous term, there is emerging consensus on the following: the ease by which residents can travel by foot or bicycle represents a critical component of this goal. Communities with well-developed non-motorized infrastructure, in the form of sidewalks, bicycle paths, or compact and mixed land uses, are hypothesized to be more ‘livable’ than those without. This argument is often relied upon by advocates of bicycle paths or sidewalks. If livability is cherished among residents, and one important component of livability includes bicycle paths, then it follows that living close to bicycle paths should be capitalized into home prices. Documenting this relationship would provide good news for advocates who often seek ways of monetizing the value of these public goods; bicycle facilities are non-market goods, making it difficult to attach an economic value to them.

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