(Article of periodic en Anglais - 2013)

Document title

Estimating the willingness to pay of industrial firms for Japanese industrial parks

Authors(s) and Affiliation(s)

ITO R. (1) ;
(1) Dept. of Economics, Univ., Nagoya-City, JAPON


This article investigates the determinants of the willingness to pay (WTP) of industrial firms and the sales price of public companies for industrial parks, and the gap between the two. Testing the model reveals two important differences between firms’ WTP and sales price. First, the sale price is decided in order to cover the development cost since only the sale price is influenced by the average land price of each region while WTP is not. Secondly, the current demand of the industrial sector is insufficiently represented in the sales price; this is because firms’ WTP is significantly more sensitive than suppliers’ sales prices in terms of accessibility to both large and small cities and agglomeration economies


Article of periodic

published at : Urban studies / ISSN 0042-0980

Editor : Longman Group, Harlow - ROYAUME-UNI (1964)

Millesime : 2013, vol. 50, no13 [pp. 2735-2765]

Bibliographic references : 2 p.

Collation : 4 tabl.



Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1177/0042098012474700

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2013
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