In October 2003, a new flight regime was introduced at Zurich airport that significantly changed the levels of noise pollution in surrounding communities. We investigate the impact of the new flight policy on apartment prices using a hedonic price model and a non-linear difference-in-differences...

We analyze the adjustment of housing prices after an exogenous shock. Using continuous records of the housing market around a major European airport (ZRH, Switzerland) and an unexpected change in flight regulations induced by the neighboring country Germany, we find that apartment rents take...

In October 2003, a new flight regime was introduced at Zurich airport that significantly changed the levels of noise pollution in surrounding communities. We investigate the impact of the new flight policy on apartment prices using a hedonic price model and a non-linear difference-in-differences...