The train has left the station: Do markets value intra-city access to inter-city rail connections?

Gabriel Ahlfeldt

MPRA Paper from University Library of Munich, Germany

Abstract: This paper analyzes the impact of access to inter-city rail connections on property prices using hedonic, difference-in-difference and time-difference estimation strategies. We investigate the reorganization of the rail system in post-unification Berlin, Germany, which provides much variation in accessibility. Evidence does not support the existence of localized effects. Neither in proximity to stations nor at city-level are there significant price adjustments. No significant price effect is revealed on distance to stations, even when allowing for a complementary relationship. An increase in the attractiveness of central locations coinciding with the final announcement of the train schedule is not attributable to the intervention.

Keywords: Property prices; transport innovation; inter-city connection; railroad; Berlin (search for similar items in EconPapers)
JEL-codes: R0 (search for similar items in EconPapers)
Date: 2009-03-09
New Economics Papers: this item is included in nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/13900/1/MPRA_paper_13900.pdf original version (application/pdf)

Related works:
Journal Article: The Train has Left the Station: Do Markets Value Intracity Access to Intercity Rail Connections? (2011)
Journal Article: The Train has Left the Station: Do Markets Value Intracity Access to Intercity Rail Connections? (2011)
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:pra:mprapa:13900

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().