Ahlfeldt, Gabriel M. 
ORCID: 0000-0001-5664-3230
(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
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 |
| Divisions: | Geography & Environment |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor |
| JEL classification: | 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 |
| Date Deposited: | 10 Aug 2010 08:42 |
| Last Modified: | 04 Feb 2024 18:30 |
| URI: | http://eprints.lse.ac.uk/id/eprint/28845 |
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