Golf courses and property prices: Is it the golf or the open space?

被引：2

作者：

Propheter, Geoffrey ^{[1
]}

机构：

[1] Univ Colorado, Sch Publ Affairs, Denver, CO 80202 USA

来源：

APPLIED ECONOMICS LETTERS | 2022年 / 29卷 / 03期

关键词：

Golf; home prices; difference-in-difference; JEL Codes; R30; Z2; L83;

D O I：

10.1080/13504851.2020.1861200

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Existing research finds price premiums for homes adjacent to golf courses, but this research fails to empirically examine if the premium is due to the presence of golf or non-golf-related benefits golf courses provide such as large open spaces free of noise and congestion. Using a difference-in-difference design on homes near a golf course that closed in Denver, Colorado, there is no evidence that losing a golf course results in lower sales prices for adjacent homes. Since prices do not fall when golf is taken away, the data support the hypothesis that non-golf benefits of courses command previously observed premiums.

引用

页码：245 / 248

页数：4