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dc.contributor.authorAhlfeldt, Gabriel M.en
dc.date.accessioned2008-03-25-
dc.date.accessioned2009-07-24T13:17:39Z-
dc.date.available2009-07-24T13:17:39Z-
dc.date.issued2008en
dc.identifier.isbn978-3-940369-51-2en
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
dc.language.isoengen
dc.publisher|aUniversity of Hamburg, Faculty of Business, Economics and Social Sciences, Chair for Economic Policy |cHamburgen
dc.relation.ispartofseries|aHamburg Contemporary Economic Discussions |x19en
dc.subject.jelR11en
dc.subject.jelR12en
dc.subject.jelR21en
dc.subject.jelR40en
dc.subject.jelR53en
dc.subject.jelR58en
dc.subject.ddc330en
dc.subject.keywordMarket access variationen
dc.subject.keywordhedonic modelen
dc.subject.keyworddifference-in-differenceen
dc.subject.keywordrailway systemen
dc.subject.keywordBerlinen
dc.titleThe train has left the stadion: real estate price effects of mainline realignment in Berlin-
dc.type|aWorking Paperen
dc.identifier.ppn560363923en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:hce:wpaper:019en

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