A busy airport's closure has large effects on noise, real estate markets, and neighborhood demographics. Using a unique … dataset, we examine the effects of closing Denver's Stapleton Airport on nearby housing markets. We find evidence of immediate … announcement and closing. However, after the airport closure, more higher-income and fewer black households moved in, and …

Since the September 11, 2001 terrorist attacks, repeated airport closures due to potential security breaches have … irregular operations. Our results indicate that while outcomes of flights scheduled during airport closures are difficult to … likelihood of continued security-related airport closings, understanding the factors that determine schedule recovery is …

Infrastructure assets have undergone substantial privatization in recent decades. How do different types of owners …)--matter? We explore these questions in the context of global airports, which like other infrastructure assets have been privatized … airport performance along a rich array of dimensions such as passengers per flight, total passengers, number of routes, number …

Transit infrastructure is a critical asset for economic activity yet costly to build in dense urban environments. We … plausible mechanism for the price gains. Higher prices reflect both higher rents and lower risk. Infrastructure improvements …

Cities are shaped by transportation infrastructure. Older cities were anchored by waterways. Nineteenth century cities … value of investing in transportation infrastructure. Future transportation innovations, including autonomous vehicles and …

, consumption levels, infrastructure, literacy or population density through 2002. This finding suggests that local recovery from …

Real and private-value assets--defined here as the sum of real estate, infrastructure, collectibles, and non …