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- Publisher
- Springer Journals
- Copyright
- Copyright © 2008 by Springer-Verlag
- Subject
- Economics; Regional/Spatial Science; Landscape/Regional and Urban Planning; Microeconomics; Environmental Economics; Geography, general
- ISSN
- 0570-1864
- eISSN
- 1432-0592
- DOI
- 10.1007/s00168-008-0249-4
- Publisher site
- See Article on Publisher Site
Abstract
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 results confirm expectations about the impact of various attributes on land values. Sports arenas have significant positive impacts within a radius of about 3,000 m. The patterns of impact vary, indicating that the effective impact depends on how planning authorities address potential countervailing negative externalities.
Journal
The Annals of Regional Science – Springer Journals
Published: Jul 16, 2008