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Title:The impact of sports arenas on land values: evidence from Berlin PDF Logo
Authors:Ahlfeldt, Gabriel M.
Maennig, Wolfgang
Issue Date:2007
Series/Report no.:Hamburg contemporary economic discussions 3
Abstract:This paper develops a hedonic price model explaining standard land values in Berlin. The model assesses the impact of three multifunctional sports arenas situated in Berlin-Prenzlauer Berg which were designed to improve the attractiveness of their formerly deprived neighbourhoods. Empirical results confirm expectations about the impact of various attributes on land values. Sports arenas have significant positive impacts within a radius of about 3000 meters. The patterns of impact vary, indicating that the effective impact depends on how planning authorities address potential countervailing negative externalities.
Subjects:Stadium Impact
Land Gradient
Hedonic Regression
Spatial Autocorrelation
Berlin
JEL:R31
R53
R5
ISBN:978-3-940369-29-1
Document Type:Working Paper
Appears in Collections:Hamburg Contemporary Economic Discussions, Lehrstuhl für Wirtschaftspolitik, Universität Hamburg

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