Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/56633 
Year of Publication: 
2012
Series/Report no.: 
SFB 649 Discussion Paper No. 2012-020
Publisher: 
Humboldt University of Berlin, Collaborative Research Center 649 - Economic Risk, Berlin
Abstract: 
The quality of newly constructed single-family houses is usually homogeneous in and heterogeneous between neighborhoods. Such quality-clustering will be caused by the variation of natural amenities throughout a suburban area. Clustering will be enforced if the quality of neighboring buildings increases the value of newly constructed ones. To disentangle the natural amenity e ect and the neighborhood e ect, we use data from Berlin and exploit that the endogenous e ect was weakened during the socialist period. Our results show that the exogenous variation caused by buildings constructed during this period still causes lower quality new buildings in the East of the city.
Subjects: 
housing supply
housing externality
natural experiment
JEL: 
R31
D62
C31
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.