liberalised market. Using unique booking data of bus services, we exploit variation in rail service cancellations across routes to … show that the disruption in rail transport increases bus ticket sales. Crucially, the effect persists beyond the strike …

event study estimates indicate a price response that strongly exceeds the change in the tax burden for single transactions …%. Effects are stronger for apartments and apartment buildings than for single-family houses. Moreover, negative price effects … predicts larger price responses in sellers’ markets and for properties with a high transaction frequency …