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dc.contributor.authorAhlfeldt, Gabriel M.en_US
dc.date.accessioned2008-03-25en_US
dc.date.accessioned2009-07-24T13:17:39Z-
dc.date.available2009-07-24T13:17:39Z-
dc.date.issued2008en_US
dc.identifier.isbn978-3-940369-51-2en_US
dc.identifier.urihttp://hdl.handle.net/10419/25362-
dc.description.abstractWhile there is an increasing body of literature testing for a correlation between access to regional markets and economic activity, little evidence is available for market access being of causal importance for economic development. This paper investigates the impact of exogenous variation to cities and regions on an urban scale. We study the case of Berlin where the western central business district unexpectedly became disconnected from long-distance railway connections. A combined hedonic and difference-in-difference approach is employed to show that property transaction prices within areas identified to experience a particularly strong decline in accessibility are reduced by approximately 22% after announcement of a new transport plan. We show that this treatment effect is not attributable to effects other than variation of access to cities and regions.en_US
dc.language.isoengen_US
dc.publisherUniv, Fak. Wirtschafts- und Sozialwiss., Dep. Wirtschaftswiss. Hamburgen_US
dc.relation.ispartofseriesHamburg contemporary economic discussions 19en_US
dc.subject.jelR11en_US
dc.subject.jelR12en_US
dc.subject.jelR21en_US
dc.subject.jelR40en_US
dc.subject.jelR53en_US
dc.subject.jelR58en_US
dc.subject.ddc330en_US
dc.subject.keywordMarket access variationen_US
dc.subject.keywordhedonic modelen_US
dc.subject.keyworddifference-in-differenceen_US
dc.subject.keywordrailway systemen_US
dc.subject.keywordBerlinen_US
dc.titleThe train has left the stadion: real estate price effects of mainline realignment in Berlinen_US
dc.typeWorking Paperen_US
dc.identifier.ppn560363923en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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