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Title:Noise expectation and house prices PDF Logo
Authors:Mense, Andreas
Kholodilin, Konstantin A.
Issue Date:2012
Series/Report no.:Discussion Papers, German Institute for Economic Research, DIW Berlin 1244
Abstract:In this paper, we examine the effects of an airport expansion on the prices of houses and flats located under the planned flight corridors. We focus on the role of expectations about the exposure to noise and find that proximity to the planned corridors significantly reduces real estate prices in the affected areas, by around 41% to 60%, depending on the sample. Hereby, the various plans of expanding Berlin-Brandenburg International airport are used as a source of exogenous variation.
Subjects:airport noise
housing prices
price expectations
quasi-experiment
spatial effects
JEL:C21
L93
R31
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des DIW
DIW-Diskussionspapiere

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