Ease vs. noise: Long-run changes in the value of transport (dis)amenities

Arbeitspapier

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 implicit hedonic price of rail noise tripled. Our results imply income elasticities of the value of noise reduction and transport access of 2.2 and 1.4, substantially exceeding cross-sectional contingent valuation estimates.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Darmstadt Discussion Papers in Economics ; No. 236

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Size and Spatial Distributions of Regional Economic Activity ; Land Use Patterns ; Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise ; Economic History: Transport, Trade, Energy, Technology, and Other Services: Europe: Pre-1913 ; Economic History: Transport, Trade, Energy, Technology, and Other Services: Europe: 1913-
• Thema: Accessibility ; spatial differencing ; noise ; difference-in-differences ; income elasticity ; land price

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Ahlfeldt, Gabriel M. ; Nitsch, Volker ; Wendland, Nicolai
• Ereignis: Veröffentlichung
• (wer): Technische Universität Darmstadt, Department of Law and Economics
• (wo): Darmstadt
• (wann): 2019

Weitere Informationen

• Handle: http://hdl.handle.net/10419/214626
• URN: urn:nbn:de:tuda-tuprints-91550
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ