Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/100618 
Year of Publication: 
2014
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2014: Evidenzbasierte Wirtschaftspolitik - Session: Natural Experiments No. B08-V3
Publisher: 
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft, Kiel und Hamburg
Abstract: 
Following the critique of Pinkse & Slade (2010) and Gibbons & Overman (2012), we develop an instrument for the estimation of local price effects of cell phone base stations (CPBS) in an urban area. The instrument is derived from the spatial structure of the network and technical and regulatory requirements. Such a strategy could be useful in other contexts in which location choice is endogenous but depends on an existing network structure. We find a significantly negative impact of nearby CPBS on flat prices. The discount amounts to 3.3% of a property s value when two similar flats at distances of 50 and 100 m to the nearest CPBS are compared. The small difference between OLS and IV results suggests that the distance to the nearest CPBS is not endogenous, in opposition to Brandt & Maennig (2012).
JEL: 
R39
Q51
Q53
Document Type: 
Conference Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.