| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20080 |
| 来源ID | Working Paper 20080 |
| The Role of Proximity in Foreclosure Externalities: Evidence from Condominiums | |
| Lynn M. Fisher; Lauren Lambie-Hanson; Paul S. Willen | |
| 发表日期 | 2014-04-24 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We measure the effect of foreclosures on the sale prices of nearby properties using a dataset of condominiums in Boston. A foreclosure in the same association and at the same address depresses the sale price by 2.5 percent, but properties in the same association but located at a different address have an effect that is tightly estimated at zero. Since properties in the same association are close substitutes, we argue that the evidence points against the pecuniary externality of property coming on the market and toward a physical externality as the source of measured foreclosure externalities. |
| 主题 | Financial Economics ; Portfolio Selection and Asset Pricing ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w20080 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577754 |
| 推荐引用方式 GB/T 7714 | Lynn M. Fisher,Lauren Lambie-Hanson,Paul S. Willen. The Role of Proximity in Foreclosure Externalities: Evidence from Condominiums. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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