Impact of sports arenas on land values: evidence from Berlin

Gabriel Ahlfeldt and Wolfgang Maennig

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: This paper develops a hedonic price model explaining standard land values in Berlin. The model assesses the impact of three multifunctional sports arenas situated in Berlin-Prenzlauer Berg which were designed to improve the attractiveness of their formerly deprived neighbourhoods. Empirical results confirm expectations about the impact of various attributes on land values. Sports arenas have significant positive impacts within a radius of about 3,000 m. The patterns of impact vary, indicating that the effective impact depends on how planning authorities address potential countervailing negative externalities.

JEL-codes: R31 R53 R58 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (59)

Published in Annals of Regional Science, 2010, 44(2), pp. 205-227. ISSN: 0570-1864

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http://eprints.lse.ac.uk/25512/ Open access version. (application/pdf)

Related works:
Journal Article: Impact of sports arenas on land values: evidence from Berlin (2010)
Working Paper: The Impact of Sports Arenas on Land Values: Evidence from Berlin (2007)
Working Paper: Impact of Sports Arenas on Land Values: Evidence from Berlin (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:25512

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