Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25359
Authors: 
Ahlfeldt, Gabriel M.
Year of Publication: 
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

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