Purpose - The main objective of this paper is to illustrate the prospects but also the limits of quantifying external benefits of urban and real estate development projects using the method event study. Another objective is the comprehensible derivation of an appropriate controlling system in...

The matter of external effects is already well analysed and discussed in various disciplines: welfare, environmental or regional economics analyse the (un)desired externalities in different contexts. However, a suitable comprehensive approach to measure positive external effects induced by...