Metro's night travel offer on the weekend and its impact on house prices

被引：1

作者：

Chang, Zheng ^{[1
]}

Fuss, Roland ^{[2
,3
,5
]}

von Mollendoriff, Johannes ^{[4
]}

Olaussen, Jon Olaf ^{[5
]}

Weigand, Alois ^{[2
]}

机构：

[1] BNU HKBU United Int Coll, Fac Business & Management, 2000 Jintong Rd, Tangjiawan 519087, Zhuhai, Peoples R China

[2] Univ St Gallen HSG, Swiss Inst Banking & Finance s Bf, Unterer Graben 21, CH-9000 St Gallen, Switzerland

[3] Swiss Finance Inst SFI, Bd Pont dArve 40, CH-1211 Geneva, Switzerland

[4] DIF Capital Partners, Welle 5, D-60322 Frankfurt, Germany

[5] Norwegian Univ Sci & Technol NTNU, NTNU Business Sch, Klaebuveien 72, NO-7491 Trondheim, Norway

来源：

TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE | 2023年 / 178卷

关键词：

House Prices; Night Travel; Noise Externalities; Transportation Infrastructure; Triple Differences Design; PROPERTY-VALUES EVIDENCE; RAPID-TRANSIT LINE; TRANSPORT; SYSTEMS; RAIL; BUS;

D O I：

10.1016/j.tra.2023.103883

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We examine the impact of introducing a weekend metro night service on housing prices in Frankfurt, Germany. Our identification strategy combines a triple-differences design to estimate the average treatment effect on the treated (ATET). We find both statistically and economically significant ATETs. For housing units located within a 300 m distance of the night service trains, housing value experience an average 22 % increase within a one-year period following the schedule change. This is equivalent to an average increase in home value of EUR 109,835 , or a total value appreciation of the nearby housing stock of more than EUR 32 million. Further, we do not find evidence that the night service trains bring negative externalities, such as noise, for units located within 100 m of train stations.

引用

页数：14

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