Evaluating the effects of transportation - land-use policies on housing values and household welfare.

In a previous article published in this journal (Anas, 1979a), a simulation model developed by the author was used to examine the impact of transit investment on property values in an urban transportation corridor that had a completely centralized employment distribution. The present paper examines the effect of rail- transit investment in the context of various scenarios which deal with urban employment decentralization, housing distribution, transportation pricing, and income composition. From these simulations it appears that under a variety of assumptions regarding urban change the taxation of short-run differential changes in property values caused by transit investment can raise only a small portion of the cost of typical transit investments.-from Author