An Analysis of Residential Location Choice Behaviour in Oxfordshire, Uk: A Combined Stated Preference Approach

This paper proposes and applies a combined stated preference approach in order to estimate residential location choice behaviour in Oxfordshire, UK. The estimation results demonstrate the potentials for the combined estimation of two stated preference experiments. Our findings show that the transport related attributes have significant impacts on residential location choice. The estimated monetary values of one minute of commuting time and one pence of commuting cost are equivalent to £6,339 and £883 with regard to house price, while the estimated value of time is 7.18 pence per minute. Higher quality of school has a significantly positive effect, while higher density and central city location have a significantly negative impact on residential location choice. The simulation results based on the model estimates suggest that the best location for new housing development varies with commuting patterns, spatial job distribution, and the changes of attributes influencing residential location choice.