کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
10479790 | 932324 | 2005 | 22 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Valuing rail access using transport innovations
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
This paper uses a powerful empirical method to evaluate the benefits of rail access to consumers. We study the effects on house prices of a transport innovation that altered the distance to the nearest station for some households, but left others unaffected. The transport innovation we study is the construction of new stations in London in the late 1990s. Using this innovation we implement a quasi-experimental approach that allows us to avoid the biases inherent in cross-sectional valuation work. Our evidence on distance-station effects on local prices, identified through distance changes induced by the transport innovation, suggests that households value rail access and that these valuations are large compared to the valuations of other local amenities.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Urban Economics - Volume 57, Issue 1, January 2005, Pages 148-169
Journal: Journal of Urban Economics - Volume 57, Issue 1, January 2005, Pages 148-169
نویسندگان
Stephen Gibbons, Stephen Machin,