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Policy has increasingly shifted towards economic incentives and liability attenuation for promoting cleanup and redevelopment of contaminated sites, but little is known about the effectiveness of such policies. An example of such legislation is State Voluntary Cleanup Programs (VCPs), which were...
Persistent link: https://www.econbiz.de/10010279396
little effect. Properties with confirmed contamination sell at a 47% discount relative to comparable uncontaminated parcels …
Persistent link: https://www.econbiz.de/10010312446
over fixed size symmetric contamination and infinitesimal asymmetric neighborhoods, respectively. The maximum increase of …, respectively, and less than 1/3 in other typical contamination models. In most of our models, the radius needs to be specified only … estimator is employed. The least favorable radii leading to the radius minimax estimators turn out small: 5% - 6% contamination …
Persistent link: https://www.econbiz.de/10010310359
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Individual sales prices and local vacancy rates in the housing market pose a natural analogy to the wage curve, a popular concept in labor economics that describes how individual wages decrease with higher local unemployment. While housing search and matching models and housing externalities...
Persistent link: https://www.econbiz.de/10011571075
The presence of qualitative changes in the nature of many commodities hinders our ability to construct meaningful price and quantity indices. This paper assesses some of the quality-change literature that seeks to resolve this problem. Several writers have endeavoured to develop objective,...
Persistent link: https://www.econbiz.de/10011645018
This paper develops a hedonic price model explaining standard land values in Berlin. The model assesses the impact of three multifunctional sports arenas situated in Berlin-Prenzlauer Berg which were designed to improve the attractiveness of their formerly deprived neighbourhoods. Empirical...
Persistent link: https://www.econbiz.de/10010272691
This paper employs a hedonic price model to explain standard land values in Berlin. Impact on land values is assessed for the two city airports situated in Berlin, Germany, Tempelhof and Tegel. Empirical results confirm expectations about the impact of various attributes on land values. Areas...
Persistent link: https://www.econbiz.de/10010272692
We apply additive mixed regression models (AMM) to estimate hedonic price equations. Non-linear effects of continuous covariates as well as a smooth time trend are modeled non-parametrically through P-splines. Unobserved district-specific heterogeneity is modeled in two ways: First, by location...
Persistent link: https://www.econbiz.de/10010293405