A Hedonic Analysis of the Value of Rail Transport in the Greater Dublin Area

Karen Mayor, Sean Lyons (), David Duffy () and Richard S.J. Tol ()

Journal of Transport Economics and Policy, 2012, vol. 46, issue 2, pages 239-261

Abstract: We use a hedonic house price model to estimate the value of transport networks to homeowners in the Dublin area. Using a data set of house sales and data on rail lines in Dublin, we assess the values assigned to different transport links by homeowners. We find that the value attributed to transport depends on its distance from a property and is affected by the availability of alternative transport options. There are differences in the values assigned to recently constructed tramlines compared to the traditional rapid transit train stations. The study also takes into account house characteristics and other environmental amenities. © 2012 LSE and the University of Bath

Date: 2012
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Working Paper: A Hedonic Analysis of the Value of Rail Transport in the Greater Dublin Area (2008)
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Persistent link: http://EconPapers.repec.org/RePEc:tpe:jtecpo:v:46:y:2012:i:2:p:239-261

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