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External Productivity and Utility Effects of City Airports

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  • Gabriel M. Ahlfeldt
  • Wolfgang Maennig

Abstract

A hlfeldt G. M. and M aennig W. External productivity and utility effects of city airports, Regional Studies . This paper uses a micro-level data set for residential and commercial property transactions to investigate external utility and productivity effects for three (city) airports in Berlin, Germany, in a spatial hedonic analysis. It finds strong evidence of adverse noise effects on property prices and a discontinuity at approximately 55�dB. Marginal price effects decrease significantly in the presence of alternative noise sources, which can lead to biased estimates if the interaction effect is not accounted for appropriately. Given that there is less evidence of positive accessibility effects, the result questions the justification for locating airports in city centres.

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File URL: http://hdl.handle.net/10.1080/00343404.2011.581652
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Regional Studies.

Volume (Year): 47 (2013)
Issue (Month): 4 (April)
Pages: 508-529

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Handle: RePEc:taf:regstd:v:47:y:2013:i:4:p:508-529

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  1. Bernard M.S. van Praag & B.E. Baarsma, 2004. "Using Happiness Surveys to value Intangibles; the Case of Airport Noise," Tinbergen Institute Discussion Papers 04-024/3, Tinbergen Institute.
  2. Gabriel M. Ahlfeldt & Wolfgang Maennig, 2010. "Substitutability and Complementarity of Urban Amenities: External Effects of Built Heritage in Berlin," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 38(2), pages 285-323.
  3. Mieszkowski, Peter & Saper, Arthur M., 1978. "An estimate of the effects of airport noise on property values," Journal of Urban Economics, Elsevier, vol. 5(4), pages 425-440, October.
  4. Halvorsen, Robert & Palmquist, Raymond, 1980. "The Interpretation of Dummy Variables in Semilogarithmic Equations," American Economic Review, American Economic Association, vol. 70(3), pages 474-75, June.
  5. Michael Lokshin, 2006. "Difference-based semiparametric estimation of partial linear regression models," Stata Journal, StataCorp LP, vol. 6(3), pages 377-383, September.
  6. Volker Nitsch, 2009. "Fly or Cry: Is Airport Noise Costly?," CESifo Working Paper Series 2732, CESifo Group Munich.
  7. Kim, Chong Won & Phipps, Tim T. & Anselin, Luc, 1998. "Measuring The Benefits Of Air Quality Improvement: A Spatial Hedonic Approach," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20959, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  8. N. Edward Coulson & Michael L. Lahr, 2005. "Gracing the Land of Elvis and Beale Street: Historic Designation and Property Values in Memphis," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 33(3), pages 487-507, 09.
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Cited by:
  1. Gabriel Ahlfeldt & Wolfgang Maennig, 2013. "Homevoters vs. Leasevoters: A Spatial Analysis of Airport Effects," CESifo Working Paper Series 4301, CESifo Group Munich.
  2. Dakshina De Silva & Caroline Elliott & Robert Simmons, 2013. "Restaurant wars," Working Papers 44312700, Lancaster University Management School, Economics Department.
  3. Andreas Mense & Konstantin Kholodilin, 2014. "Noise expectations and house prices: the reaction of property prices to an airport expansion," The Annals of Regional Science, Springer, vol. 52(3), pages 763-797, May.

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