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Fachbereich Volkswirtschaftslehre - Lehrstuhl für Wirtschaftspolitik, Universität Hamburg >
Hamburg Contemporary Economic Discussions, Lehrstuhl für Wirtschaftspolitik, Universität Hamburg >
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http://hdl.handle.net/10419/25359
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| Title: | | A new central station for a unified city: predicting impact on property prices for urban railway network extensions in Berlin  |
| Authors: | | Ahlfeldt, Gabriel M. |
| Issue Date: | | 2007 |
| Series/Report no.: | | Hamburg contemporary economic discussions 13 |
| Abstract: | | This paper develops a framework for predicting impact of urban railway network extensions on property prices. Impact of market potential and access to employment is assessed within a hedonic model environment employing potentiality variables and highly disaggregated data. Based on empirical results, expected impact on property prices is assessed for proposed railway extensions connecting Berlin's new central station to the existing metrorail and suburban railway network. Relying on simulated changes in population and employment potentialities, expected increase in aggregated land value is compared for residential and business properties. Application of highly disaggregated data allows detailed mapping of expected pattern of impacts. |
| Subjects: | | Urban Transport Market Access Employment Access Land Values Polycentric City Berlin |
| JEL: | | R12 R23 R42 R52 |
| ISBN: | | 978-3-940369-41-3 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Hamburg Contemporary Economic Discussions, Lehrstuhl für Wirtschaftspolitik, Universität Hamburg
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