Heavy Lifting - thoughts and web finds by an economist
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Wednesday, December 08, 2010
A paper in the current German Economic Review investigates the impact of intercity rail connections on local property values. This is potentially important as more public dollars are spent on creating intercity train links - if people don't value them then why do it (other than obvious rent-seeking)?
Here is the abstract:
The Train has Left the Station: Do Markets Value Intracity Access to Intercity Rail Connections? - Ahlfeldt - 2010 - German Economic Review - Wiley Online Library
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