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centuries from today is new to the empirical literature on discounting and, with the appropriate risk adjustment, of relevance …
Persistent link: https://www.econbiz.de/10011479380
also the case for houses that were not damaged but face high risk of coastal flooding. Our results suggest that Sandy has … increased the perceived risk of living in those neighborhoods. We also show that the negative effects on housing prices appear …
Persistent link: https://www.econbiz.de/10011584689
characterize the flood risk level for each property. First, we compare trends in housing values and sales activity among properties … within the same city. Despite the heightened flood risk in the last two decades, we did not find evidence of divergent trends …, suggesting that flood insurance may have cushioned the effects of the increase in flood risk. Secondly, we analyze the effects of …
Persistent link: https://www.econbiz.de/10011931775
Texas engaged in a large-scale policy experiment when it instituted the Top 10% Plan. This policy guarantees automatic admission to their state university of choice for all high school seniors who graduate in the top decile of their high school class. We find evidence that households reacted...
Persistent link: https://www.econbiz.de/10010269932
In China, real estate and the stock market are the two main markets favored by both individual and institutional investors. There is a significant economic link between the two. Therefore, their relationship and long-term and short-term causality can provide good guidance for investors. This...
Persistent link: https://www.econbiz.de/10013351746
We estimate the transmission of the pandemic shock in 2020 to prices in the residential and commercial real estate market by causal machine learning, using new granular data at the municipal level for Germany. We exploit differences in the incidence of Covid infections or short-time work at the...
Persistent link: https://www.econbiz.de/10013470462
. However, impacts differ vastly across types of funded projects. Spending on basic infrastructure (such as HVAC) or on the …
Persistent link: https://www.econbiz.de/10014469580
For most people, buying a home is their single largest financial commitment. Previous research shows that Chinese buyers pay less for homes with unlucky addresses and more for homes with lucky addresses. Using Singapore data on housing transactions combined with a plethora of individual buyer...
Persistent link: https://www.econbiz.de/10011479417
This paper proposes maximum likelihood estimators for panel seemingly unrelated regressions with both spatial lag and spatial error components. We study the general case where spatial effects are incorporated via spatial errors terms and via a spatial lag dependent variable and where the...
Persistent link: https://www.econbiz.de/10010274576
in levels of fatal risk. The paper contrasts VSL estimates from conventional analysis with the bounds obtained under this …
Persistent link: https://www.econbiz.de/10010272632