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作者

来源

REAL ESTATE ECONOMICS,Vol.45,Issue3,P.650-678

语言

英文

关键字

RESIDENTIAL PROPERTY-VALUES; OPEN-SPACE AMENITIES; RESPONSE-TIME; IMPACT; SURVIVAL; AIRPORT

作者单位

[Dronyk-Trosper, Trey] Tulane Univ, 6823 St Charles Ave,Richardson 303, New Orleans, LA 70118 USA. Dronyk-Trosper, T (reprint author), Tulane Univ, 6823 St Charles Ave,Richardson 303, New Orleans, LA 70118 USA. E-Mail: TreyLDT@gmail.com

摘要

This article empirically models the effect of distance on residential property values of three different types of services, fire, police and emergency medical services. Interesting economic trade-offs emerge as service station proximity provides both amenity and disamenity effects. Using over three million home sales from the state of Florida along with two different measures of distance, this study provides evidence of nonlinear capitalization effects on local housing values. A difference-in-difference model utilizing new facility construction provides corroborating evidence of these findings.