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The value of investment of YIMBY and NIMBY facilities on housing market

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  • Taiwan Chung Hsie Yang

Abstract

Because of the positive utility of YIMBY facilities, there is higher housing price which house close to YIMBY facilities. On the contrary, there is lower housing price which house close to NIMBY facilities. By the view of investment, when the housing price increasing, is there higher growth rate of housing price which house close to YIMBY & NIMBY facilities or not? Is there lead-lag relationship both the growth rates of housing price? The study will test the change of marginal price rate both YIMBY & NIMBY by time, it will find the value of investment of YIMBY & NIMBY facilities on housing market.

Suggested Citation

  • Taiwan Chung Hsie Yang, 2012. "The value of investment of YIMBY and NIMBY facilities on housing market," ERES eres2012_183, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2012_183
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    References listed on IDEAS

    as
    1. Peter A. Groothuis & Gail Miller, 1994. "Locating Hazardous Waste Facilities: The Influence of NIMBY Beliefs," American Journal of Economics and Sociology, Wiley Blackwell, vol. 53(3), pages 335-346, July.
    2. Euston Quah & Jongsay Yong, 2008. "An assessment of four popular auction mechanisms in the siting of NIMBY facilities: some experimental evidence," Applied Economics, Taylor & Francis Journals, vol. 40(7), pages 841-852.
    3. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    4. Michaels, R. Gregory & Smith, V. Kerry, 1990. "Market segmentation and valuing amenities with hedonic models: The case of hazardous waste sites," Journal of Urban Economics, Elsevier, vol. 28(2), pages 223-242, September.
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    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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