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The Impact of Sports Arenas on Land Values: Evidence from Berlin

  • Gabriel Ahlfeldt

    ()

    (Chair for Economic Policy, University of Hamburg)

  • Wolfgang Maennig

    ()

    (Chair for Economic Policy, University of Hamburg)

This paper develops a hedonic price model explaining standard land values in Berlin. The model assesses the impact of three multifunc-tional sports arenas situated in Berlin-Prenzlauer Berg which were de-signed 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 3000 meters. The patterns of impact vary, in-dicating that the effective impact depends on how planning authorities address potential countervailing negative externalities.

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File URL: http://www.hced.uni-hamburg.de/WorkingPapers/200703.pdf
File Function: First version, 2007
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Paper provided by Chair for Economic Policy, University of Hamburg in its series Working Papers with number 003.

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Length: 39 pages
Date of creation: Apr 2007
Date of revision:
Publication status: Published in Hamburg Contemporary Economic Discussions, Issue 03, 2007
Handle: RePEc:hce:wpaper:003
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Web page: http://www.hced.uni-hamburg.de/

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  1. Arne Feddersen & Wolfgang Maennig, 2005. "Trends in Competitive Balance: Is there Evidence for Growing Imbalance in Professional Sport Leagues?," Working Papers 0012005, Chair for Economic Policy, University of Hamburg.
  2. Baade, Robert A & Dye, Richard F, 1988. "An Analysis of the Economic Rationale for Public Subsidization of Sports Stadiums," The Annals of Regional Science, Springer, vol. 22(2), pages 37-47, July.
  3. Dean H. Gatzlaff & Marc T. Smith, 1993. "The Impact of the Miami Metrorail on the Value of Residences near Station Locations," Land Economics, University of Wisconsin Press, vol. 69(1), pages 54-66.
  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.
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