Showing 1 - 10 of 1,499
methods to disentangle the offsetting noise and accessibility effects of one technology of mass transit, metro rail, analyzing … land prices (house prices) by 21% (5%), while a 10 db increase in noise depreciates land prices (house prices) by 5% (1 …%). We show that these effects are underestimated by 40% (access) to 80% (noise) if they are not estimated conditional on …
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We simultaneously analyze the effects of alternative noise sources to isolate their relative harms. This research adds … to the literature, which has only analyzed one noise source or has aggregated the noise levels of different sources …. Flight noise had the most negative effect on housing prices, and road and train noises had similar, but smaller effects …
Persistent link: https://www.econbiz.de/10012956055
Mark Bell’s article (2016) is a welcome contribution to the unavoidable task of evaluating a research program that exhibits the problems he identifies: the failure of most quantitative studies to offer strong explanations for proliferation patterns, and their inability to predict out-of-sample...
Persistent link: https://www.econbiz.de/10013243343
We estimate a general microstructure model of the transitory and permanent impact of order flow on stock prices. Jumps are detected in both the transaction price (observation equation) and fundamental value (state equation). The model's parameters and variances are updated in real time. Prices...
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In this study we use hedonic models to measure the influence of noise nuisance on rents, costs and values of investment … aircraft noise, road traffic noise and railroad noise. We show that negative effects appear between lower and upper tresholds … which vary between different noise types and across residential and non-residential properties. Rents, costs and values are …
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