The value of culture to urban housing markets
Cultural amenities are the expression of a cultural environment, given by a combination of aesthetic factors, styles, rhythms
and behaviours, which contribute to make a neighbourhood vibrant and more enjoyable. Following the hedonic approach,
we propose an empirical strategy to capture the multiple effects of cultural amenities, as well as the effects produced by
green areas, public transport and university proximity. The results are used to determine whether cultural amenities are
optimally provided by the municipality of Milan, Italy. It emerged that investments in culture generate positive effects to
society, and that governments should devote far more resources to culture.
BORGONI Riccardo;
MICHELANGELI Alessandra;
PONTAROLLO Nicola;
2018-11-15
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
JRC111388
0034-3404 (online),
https://www.tandfonline.com/doi/full/10.1080/00343404.2018.1444271,
https://publications.jrc.ec.europa.eu/repository/handle/JRC111388,
10.1080/00343404.2018.1444271 (online),
Additional supporting files
| File name | Description | File type | |
|---|
