Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/25349 
Year of Publication: 
2007
Series/Report no.: 
Hamburg Contemporary Economic Discussions No. 3
Publisher: 
University of Hamburg, Faculty of Business, Economics and Social Sciences, Chair for Economic Policy, Hamburg
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

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