| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13811 |
| DP13811 Ease vs. noise: Long-run changes in the value of transport (dis)amenities | |
| Gabriel Ahlfeldt; Volker Nitsch; Nicolai Wendland | |
| 发表日期 | 2019-06-19 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | For a complete cost-benefit analysis of durable infrastructures, it is important to understand how the value of non-market goods such as transit time and environmental quality changes as incomes rise in the long-run. We use difference-in-differences and spatial differencing to estimate the land price capitalization effects of metro rail in Berlin, Germany today and a century ago. Over this period, the negative effect of rail noise tripled in percentage terms. Our results imply long-run income elasticities of the value of noise reduction and transport access of 2.2 and 1.4, substantially exceeding cross-sectional contingent valuation estimates. |
| 主题 | Economic History ; International Trade and Regional Economics |
| 关键词 | Accessibility Spatial differencing Noise Difference-in-differences Income elasticity Land price |
| URL | https://cepr.org/publications/dp13811 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542685 |
| 推荐引用方式 GB/T 7714 | Gabriel Ahlfeldt,Volker Nitsch,Nicolai Wendland. DP13811 Ease vs. noise: Long-run changes in the value of transport (dis)amenities. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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