《Unearthing the value of wet markets from urban housing prices: Evidence from Beijing, China》
打印
- 作者
- Yuanyuan Cai;Jinlong Gao
- 来源
- HABITAT INTERNATIONAL,Vol.122,P.102532
- 语言
- 英文
- 关键字
- 作者单位
- Department of Human Geography and Spatial Planning, Utrecht University, Princetonlaan 8a, 3584 CB, Utrecht, the Netherlands;Key Laboratory of Watershed Geographic Sciences, Nanjing Institute of Geography and Limnology, Chinese Academy of Sciences, 73 East Beijing Road, Nanjing, 210008, China;Department of Human Geography and Spatial Planning, Utrecht University, Princetonlaan 8a, 3584 CB, Utrecht, the Netherlands;Key Laboratory of Watershed Geographic Sciences, Nanjing Institute of Geography and Limnology, Chinese Academy of Sciences, 73 East Beijing Road, Nanjing, 210008, China;School of Architecture and Urban Planning, Nanjing University, 210093, Nanjing, China;School of Geography, University of Leeds, LS2 9JT, UK;School of Management, Guangzhou University, Guangzhou, 510006, China;Department of Urban Studies, University of Glasgow, Glasgow, G12 8QQ, UK;Department of Building and Real Estate, The Hong Kong Polytechnic University, Hong Kong;Department of Agricultural Land Surveying, Cadastre and Photogrammetry, Faculty of Environmental Engineering and Land Surveying, University of Agriculture in Krakow, Poland;Department of Life and Environmental Sciences, Bournemouth University, BH12 5BB, United Kingdom;Urban Geographies/Centre for Urban Studies, Universiteit van Amsterdam, Nieuwe Achtergracht 166, 1018 WV, Amsterdam, Netherlands;Department of Geography and Environmental Science, University of Southampton, United Kingdom;The Bartlett School of Planning, University College London, United Kingdom;School of Geography, The University of Nottingham, Nottingham, NG7 2RD, United Kingdom;Institute of Geographic Sciences and Natural Resources Research, CAS, Beijing, 100101, China;School of Geographical Sciences, The University of Nottingham Ningbo, Ningbo, 315100, China;School of Public Administration, Guangxi University, Nanning, 530004, China;Department of Architecture and Built Environment, The University of Nottingham Ningbo, Ningbo, 315100, China;School of Public Administration, Hunan University, Changsha, 410082, China;School of Public Affairs, Zhejiang University, Hangzhou, 310058, China
- 摘要
- Wet markets, recently thrust into the limelight during the coronavirus pandemic, play a necessary role in daily life in Asia. Yet, the value of wet markets has not ever been sufficiently explored. While an increasing body of work has studied the implicit value of urban public amenities through the hedonic price model and traditional measurements of accessibility and density, the subjective perceptions of amenities have been neglected, specifically for consumption amenity. This is especially the case with wet markets: traditional approaches are unable to capture their comprehensive effects. By employing data on Beijing housing transactions in 2019 and online review scores of wet markets, we reduce this knowledge gap by exploring both the amenity and dis-amenity effects of wet markets and capturing the objective and subjective perspectives. Our results indicate a nonlinear relationship between wet market accessibility and urban housing prices. Considering the perceived quality of wet markets, this paper further indicates that housing prices near high-scoring wet markets appreciate while housing prices depreciate near low-scoring markets. Interestingly, the negative influence of low-scoring markets is statistically larger than the positive influence of high-scoring wet markets. Taking the housing price as a reflection of an owner's wealth and income level, we argue that high-income dwellers tend to pay more for perceived quality than for convenience. Our findings, therefore, offer new and refined insights for scholars and urban planning decision-makers.