Abstract

http://ssrn.com/abstract=1540596
 
 

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The Impact of Sports Arenas on Land Values: Evidence from Berlin


Gabriel M. Ahlfeldt


London School of Economics & Political Science (LSE) - Department of Geography and Environment

Wolfgang Maennig


University of Hamburg - Faculty of Economics and Business Administration


University of Hamburg Working Paper Series in Economic Policy, No. 3, 2007

Abstract:     
This paper develops a hedonic price model explaining standard land values in Berlin. The model assesses the impact of three multifunc-tional sports arenas situated in Berlin-Prenzlauer Berg which were de-signed to improve the attractiveness of their formerly deprived neighbourhoods. Empirical results confirm expectations about the impact of various attributes on land values. Sports arenas have significant positive impacts within a radius of about 3000 meters. The patterns of impact vary, in-dicating that the effective impact depends on how planning authorities address potential countervailing negative externalities.

Number of Pages in PDF File: 39

Keywords: Stadium Impact, Land Gradient, Hedonic Regression, Spatial Auto-correlation, Berlin

JEL Classification: R31, R53, R5

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Date posted: January 30, 2010  

Suggested Citation

Ahlfeldt, Gabriel M. and Maennig, Wolfgang, The Impact of Sports Arenas on Land Values: Evidence from Berlin. University of Hamburg Working Paper Series in Economic Policy, No. 3, 2007. Available at SSRN: http://ssrn.com/abstract=1540596 or http://dx.doi.org/10.2139/ssrn.1540596

Contact Information

Gabriel M. Ahlfeldt
London School of Economics & Political Science (LSE) - Department of Geography and Environment ( email )
Houghton Street
WC2A 2AE London
United Kingdom
HOME PAGE: http://personal.lse.ac.uk/ahlfeldg/
Wolfgang Maennig (Contact Author)
University of Hamburg - Faculty of Economics and Business Administration ( email )
Von-Melle-Park 5
Hamburg, 20146
Germany
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References:  49
Citations:  15

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