The Determinants of Residential Land Values.

Since World War II urban areas in the United States have experienced a gigantic expansion. A number of problems have accompanied the growth—among them are a transportation lag, urban blight, and urban sprawl. Attempts to deal with these problems continually demonstrate our need for a better understanding of the complexities of metropolitan structures. For instance, when an individual selects property in a particular residential area, what influences his choice? Certainly land prices are one of the influencing forces but what determines land values? This paper, which given results of a study conducted at The RAND Corporation under the sponsorship of the Ford Foundation describes and tests a model of residential land values in Los Angeles County. [ABSTRACT FROM AUTHOR]