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

Ahlfeldt, Gabriel M. (2011) The train has left the station: do markets value intra-city access to inter-city rail connections? German Economic Review, 12 (3). pp. 312-335. ISSN 1468-0475

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Abstract

This paper is the first to provide a micro-level analysis of the impact of inter-city rail connections on property prices. We use the variation in mainline accessibility provided by the reorganization of the rail system in postunification Berlin to isolate accessibility effects from correlated individual location effects. Evidence does not support the existence of localized effects on location productivity and household utility. While the city since unification has undergone significant changes in its spatial structure, these effects cannot be attributed to the new transport concept. Our findings question the justification for committing substantial public funds for downtown rail redevelopment projects.

Item Type: Article
Official URL: http://www.wiley.com/bw/journal.asp?ref=1465-6485
Additional Information: © 2011 The author. German Economic Review © 2010 Verein für Socialpolitik
Library of Congress subject classification: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
Journal of Economic Literature Classification System: R - Urban, Rural, and Regional Economics > R2 - Household Analysis > R21 - Housing Demand
R - Urban, Rural, and Regional Economics > R4 - Transportation Systems > R40 - General
R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis > R53 - Public Facility Location Analysis; Public Investment and Capital Stock
Sets: Departments > Geography and Environment
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 10 Aug 2010 08:42
URL: http://eprints.lse.ac.uk/28845/

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