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The process of globalization has stimulated the demand for logistics services at a level of speed and increased … transportation costs. The utilization of spatial modeling for determining the optimal locations for logistics centers in a predefined … programming. The output data of the model are the precise placement of one up to ten logistics centers, in terms of minimum …
Persistent link: https://www.econbiz.de/10011840569
Most countries show a residency discount in rents for sitting tenants. In the wake of strong rent increases and housing shortages, Germany implemented a reform in 2001 to curtail rent increases. Based on linked housing-tenant data for Germany, this paper estimates panel OLS and quantile...
Persistent link: https://www.econbiz.de/10011451004
Most countries show a residency discount in rents for sitting tenants. In the wake of strong rent increases and housing shortages, Germany implemented a reform in 2001 to curtail rent increases. Based on linked housing-tenant data for Germany, this paper estimates panel OLS and quantile...
Persistent link: https://www.econbiz.de/10011422580
We propose a novel semiparametric method to extract location values from house prices. After splitting house prices into building and land components, location values are estimated with adaptive weight smoothing. The adaptive estimator requires neither strong smoothness assumptions nor local...
Persistent link: https://www.econbiz.de/10010343771
Persistent link: https://www.econbiz.de/10011971592
In this paper, we examine the effects of an airport expansion on the prices of houses and flats located under the planned flight corridors. We focus on the role of expectations about the exposure to noise and find that proximity to the planned corridors significantly reduces real estate prices...
Persistent link: https://www.econbiz.de/10014040104
Urban displacement - when a household is forced to relocate due to conditions affecting its home or surroundings - often results from rising housing costs, particularly in wealthy, prosperous cities. However, its dynamics are complex and often difficult to understand. This paper presents an...
Persistent link: https://www.econbiz.de/10014122270
Over the course of the recent house price bubble in the United States, the price of homes rose rapidly from 1999 Q4 to 2005 Q4 (11.3% annually as measured by the Case-Shiller index, and 8.4% annually as measured by the Federal Housing Financing Agency) but slowly as measured by owner equivalent...
Persistent link: https://www.econbiz.de/10013035524
While aggregate house price indices display time persistence, less is known about micro persistence. This article proposes that absence of micro persistence implies that an excessively high or low sell price in one transaction is not repeated in the next transaction. We exploit a unique...
Persistent link: https://www.econbiz.de/10012989355
This paper develops a theoretical and methodological framework that integrates Hedonic Pricing (HP), grid comparable sales approach (CSA), and nearest neighbors into a general spatiotemporal specification. By explicitly providing a theoretical justification for introducing spatial (or...
Persistent link: https://www.econbiz.de/10012849122