抄録
In this study, I estimated implicit prices of amenities of great Japanese cities based on Roback (1982)'s model. She proposed general equilibrium model of wages and rents setting both behaviors of consumers and firms.
Comparing with some papers that analyzed implicit prices of amenities of Japanese cities based on her models, this study differs from those in following three points.
(1) This study estimated implicit prices of amenities in three terms and observed the changes of those.
(2) By (1), this study shows the changes of implicit prices of each kind of amenity indicators, and the changes of city rankings on integrated amenity valuation. Also it proposes policy implications to make amenities better for each cities.
(3) As for econometric analysis, I deflate the wages by regional difference index of consumer prices, and I make amenity indicators standardized.
As empirical study, I estimated implicit prices of 8 kinds of amenities and integrated amenity prices of 13 cities on 3 terms.
I can conclude as follows.
(1) As results, we have been appreciating the infrastructure constructions and accumulations of human capitals more.
(2) As for integrated amenity valuation, we have been appreciating Tokyo, Yokohama and Fukuoka more, but not Osaka and Kyoto.
(3) The results of regressions show that wage regression made worse performance than rent regression.
(4) Anyway, by this analysis I can propose policy implication that those are important for local government to improve infrastructure and educational environment.
