Estimating the Effect of Transit on Residential Property Values PDF Download
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Author: Keith Klovers
Publisher:
ISBN:
Category : Local transit
Languages : en
Pages : 100
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Author: Keith Klovers
Publisher:
ISBN:
Category : Local transit
Languages : en
Pages : 100
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Book Description
Author: Mohd Faris Dziauddin
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Abstract: This study assesses the effect of light rail transit system (LRT) on residential property values in Greater Kuala Lumpur, Malaysia, where traffic congestion has been a major issue since the mid 1990s. A relatively new technique namely Geographically Weighted Regression (GWR) is employed to estimate the increased value of land in the form of residential property values as a result of improved accessibility owing to the construction of the LRT systems. Using the Kelana Jaya LRT Line, located in Greater Kuala Lumpur, Malaysia as a case study, this paper reveals that the improvement of accessibility to employment and other amenities provided by the LRT system added premiums on residential property values but with spatial variation over geographical area indicates that the existence of the LRT systems may have a positive effect on residential property values in some areas but negative in others. The use of the GWR in this study is identified as a better approach to investigate the effec
Author: David E. Boyce
Publisher:
ISBN:
Category : Local transit
Languages : en
Pages : 398
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Author: Fucang Tang
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 304
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Author: Robert L Knight
Publisher:
ISBN:
Category : Land use
Languages : en
Pages : 276
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Author: Shishir Mathur
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 102
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Author: Gary A. Wagner
Publisher:
ISBN:
Category :
Languages : en
Pages : 29
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In this paper we examine the effect of light rail transit on the residential real estate market in Hampton Roads, Virginia. The Norfolk Tide light rail began operations in August 2011 and has experienced disappointing levels of ridership over its first four years of operations. We estimate the effect of the Tide using a difference-in-differences model and consider several outcome variables for the residential housing market, including sales price, sales-list price spread and the time-on-market. Our identification strategy exploits a proposed rail line in neighboring Virginia Beach, Virginia, that was rejected by a referendum in 1999. Overall, the results show negative consequences from the constructed light rail line. Properties within 1,500 meters experienced a decline in sales price of nearly 8 percent, while the sale-list price spread declined by approximately 2 percent. Our results highlight the potential negative effects of light rail, when potential accessibility benefits do not outweigh apparent local costs.
Author: Anthony M. Yezer
Publisher: Routledge
ISBN: 1317472454
Category : Business & Economics
Languages : en
Pages : 395
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Book Description
This text is designed for use in a course on the economics of crime in a variety of settings. Assuming only a previous course in basic microeconomics, this innovative book is strongly linked to the new theoretical and empirical journal literature. Showing the power of microeconomics in action, Yezer covers a wide array of topics. There are chapters on the following topics: benefit-cost and the imprisonment decision, enforcement games, juvenile crime, private enforcement, economics of 3 strikes law, broken windows strategies, police profiling, and crime in developing countries. There are also separate chapters on guns, drugs, and capital punishment. Timely boxed examples are found throughout. Problems at the end of each chapter allow students to reinforce their microeconomics skills and to gain insight into the way they can be applied to case examples.
Author: Jeffrey J. Smith
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 112
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Author: Steven R. Lerman
Publisher:
ISBN:
Category : Real property
Languages : en
Pages : 146
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Book Description
