In this paper, we attempt a formal analysis of the virtues of new urbanism, a movement
hailed as the most significant movement in urban planning and architecture in this century.
We proceed using the tools of Geographic Information Systems (GIS) to develop quantitative
measures of urban form. We then incorporate those measures in a hedonic price analysis.
We find that our measures of urban form capture meaningful differences in the characters of
urban neighborhoods that could well have direct impacts on the utility of urban residents …