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196 results, from 191
Diskussionspapiere 1244 / 2012

Noise Expectation and House Prices

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 in the affected areas, by around 41% to 60%, depending on the sample. Hereby, the various plans of expanding ...

2012| Andreas Mense, Konstantin A. Kholodilin
Diskussionspapiere 1270 / 2013

The Spatial Dimension of US House Price Developments

Spatial heterogeneity and spatial dependence are two well established aspects of house price developments. However, the analysis of differences in spatial dependence across time and space has not gained much attention yet. In this paper we jointly analyze these three aspects of spatial data. We apply a panel smooth transition regression model that allows for heterogeneity across time and space in spatial ...

2013| Katharina Pijnenburg
FINESS Working Papers 7.4A / 2009

Liquidity and Asset Prices: How Strong Are the Linkages?

The appropriate design of monetary policy in integrated financial markets is one of the most challenging areas for central banks. One hot topic is whether the rise in liquidity in recent years has contributed to the formation of price bubbles in asset markets. If strong linkages exist, the inclusion of asset prices in the monetary policy rule can eventually limit speculative runs and negative effects ...

2009| Christian Dreger, Jürgen Wolters
SOEPpapers 413 / 2011

Testing the 'Residential Rootedness': Hypothesis of Self-Employment for Germany and the UK

Based on the notion that entrepreneurship is a 'local event' , the literature argues that selfemployed workers and entrepreneurs are 'rooted' in place. This paper tests the 'residential rootedness'-hypothesis of self-employment by examining for Germany and the UK whether the self-employed are less likely to move or migrate than employees. Using longitudinal data from the German Socio-economic Panel ...

2011| Darja Reuschke, Maarten Van Ham
Diskussionspapiere 1216 / 2012

Location, Location, Location: Extracting Location Value from House Prices

The price for a single-family house depends both on the characteristics of the building and on its location. 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 ...

2012| Jens Kolbe, Rainer Schulz, Martin Wersing, Axel Werwatz
SOEPpapers 459 / 2012

Explaining Reurbanization: Empirical Evidence of Intraregional Migration as a Long-Term Mobility Decision from Germany

Following the discussion on reurbanization (changing intra-regional migration patterns), our research project treats transport-related consequences of this spatial development in German city regions. The hypothesis is that reurbanization bears potential to spread environmentally friendly ways of organizing daily mobility - but that the chance ofthose positive effects might be given away, if policy ...

2012| Gesa Matthes
196 results, from 191