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You can find the transcript through this link.

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Are you interested in the value of urban public spaces?

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Debate of the article titled How much are public spaces worth? Non-market valuation methods in valuing public spaces from 2023, by Jagoda Adamus, published in The Polish Journal of Economics.

This is a great preparation to our next interview with Howard Kozloff in episode 476 talking about how value and worth need to be integrated when thinking about and creating public spaces.

Since we are investigating the future of cities, I thought it would be interesting to see the social and economic values of public spaces within urban environments. This article argues that quantifying the economic significance of public areas is vital for effective urban management and development policy.

Find the article through this link.

Abstract: Public spaces bring a variety of social and economic benefits to cities and their residents and guests. This article presents an overview of non-market valuation methods used to estimate the economic value of public spaces, distinguishing between direct (stated preference) methods and indirect (revealed preference) methods. Several important applications of these methods are also reviewed. In addition, the article highlights the usefulness of individual non-market valuation methods for estimating the market value of a broader set of non-market goods.

Connected episodes you might be interested in:

• No.255R – Participation, co-creation, and public space
• No.401R – Adaptation infrastructure and its effects on property values in the face of climate risk

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Music by Lesfm from Pixabay