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There is now a CONTENT FREEZE for Mercury while we switch to a new platform. It began on Friday, March 10 at 6pm and will end on Wednesday, March 15 at noon. No new content can be created during this time, but all material in the system as of the beginning of the freeze will be migrated to the new platform, including users and groups. Functionally the new site is identical to the old one. webteam@gatech.edu
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Juan Moreno-CruzAssistant Professor of Economics Juan Moreno-Cruz, along with Gregory Macfarlane and Laurie Garrow from the School of Civil and Environmental Engineering, recently published a paper in Transportation Research. The paper, titled “Do Atlanta residents value MARTA? Selecting an autoregressive model to recover willingness to pay,” is featured in Volume 78 of Transportation Research Part A: Policy and Practice.
According to the abstract, "understanding homeowners’ marginal willingness-to-pay (MWTP) for proximity to public transportation infrastructure is important for planning and policy."
The authors discuss a class of models that control spatial effects and apply them to sample data collected for the Atlanta housing market. Their conclusions may have implications for risk estimations in land value capture forecasts and transportation policy decisions.
