Towards a Theory on The Impact of Criminal Mobility Influences on Land Values

Variations in the price of land and the intensiveness of its use have been examined in economic literature beginning with Adam Smith and elaborated by Ricardo, Von Thunen, Mills, Muth, Alonso and others. The price of land is most significantly associated with the distance to the Central Business District (hereafter called CBD) in cities in the United States. Other influencing factors are the distances to urban amenities, public facilities, and to recreational and commercial centres. In addition, the price of land is affected by environmental quality, the land use mix in its vicinity, and the particular zoning regulations (Freeman III, 1979).