Housing rent and road pricing in Milan: Evidence from a geographical discontinuity approach

D’Arcangelo, Filippo Maria and Marco Percoco

Transport Policy, 2015, vol. 44, issue C, 108-116

Abstract: To cope with severe problems of pollution and congestion, a road pricing scheme (the Ecopass) to enter the city centre was introduced in Milan in January 2008. This paper assesses the impact of such a policy measure on the housing market in terms of variations in rent within the treated area. To this end, we adopted a geographical difference-in-discontinuities approach, which allowed us to control for area specific factors and to identify the effect of road pricing at the boundary of the treated area. By using detailed data from 55 zones over the period 2007–2012, we found that the Ecopass has had a small and positive impact on housing rent, equal to +0.75%.

Keywords: Road pricing; Housing markets; Rent; Milan; Regression discontinuity (search for similar items in EconPapers)
JEL-codes: C21 C23 Q51 R21 R41 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0967070X15300378
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:trapol:v:44:y:2015:i:c:p:108-116

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

DOI: 10.1016/j.tranpol.2015.07.004

Access Statistics for this article

Transport Policy is currently edited by Y. Hayashi

More articles in Transport Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().