发布求助
文献互助 智能选刊 最新文献

Real Estate Economics最新文献

筛选
英文 中文
The external cost of prostitution: Evidence from shutting down red light districts in the Netherlands 卖淫的外部成本:来自荷兰关闭红灯区的证据
IF 2.2 3区 经济学
Real Estate Economics Pub Date : 2022-07-19 DOI: 10.1111/1540-6229.12404
Erasmo Giambona, Rafael P. Ribas
{"title":"The external cost of prostitution: Evidence from shutting down red light districts in the Netherlands","authors":"Erasmo Giambona, Rafael P. Ribas","doi":"10.1111/1540-6229.12404","DOIUrl":"https://doi.org/10.1111/1540-6229.12404","url":null,"abstract":"This article examines the value of externalities created by the presence of sex workers in the city. Although a legal paid-sex industry might contribute to the economy, it may also generate negative externalities. To identify the net impact of overt prostitution, we estimate changes in housing prices following the sudden closure of the two red light districts (RLDs) in the Dutch City of Utrecht. Our results show that the capitalization effect of RLDs is spatially heterogeneous. While some areas are unaffected, others are up to 12% more expensive if far from operating brothels. Interestingly, though, evidence also shows that RLDs increase local employment in a variety of sectors. All the aversion to living near RLDs is instead explained by petty crimes.","PeriodicalId":47731,"journal":{"name":"Real Estate Economics","volume":"14 10","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138520888","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Canceling the admission priority of private schools enlarges housing price gap in public school districts: Evidence from Shanghai's new admission policy 取消民办学校优先录取扩大公办学区房价差距:来自上海新招生政策的证据
IF 2.2 3区 经济学
Real Estate Economics Pub Date : 2022-07-16 DOI: 10.1111/1540-6229.12403
Pengyu Zhu, Yi Zhang, Juan Wang
{"title":"Canceling the admission priority of private schools enlarges housing price gap in public school districts: Evidence from Shanghai's new admission policy","authors":"Pengyu Zhu, Yi Zhang, Juan Wang","doi":"10.1111/1540-6229.12403","DOIUrl":"https://doi.org/10.1111/1540-6229.12403","url":null,"abstract":"","PeriodicalId":47731,"journal":{"name":"Real Estate Economics","volume":"71 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81647122","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Industrial Tail Exposure Risk and Asset Price: Evidence from US REITs For Real Estate Economics 产业尾部暴露风险与资产价格:来自美国房地产投资信托基金的证据
IF 2.2 3区 经济学
Real Estate Economics Pub Date : 2022-07-12 DOI: 10.1111/1540-6229.12402
J. Song, K. Liow
{"title":"Industrial Tail Exposure Risk and Asset Price: Evidence from US REITs For Real Estate Economics","authors":"J. Song, K. Liow","doi":"10.1111/1540-6229.12402","DOIUrl":"https://doi.org/10.1111/1540-6229.12402","url":null,"abstract":",","PeriodicalId":47731,"journal":{"name":"Real Estate Economics","volume":"11 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87298823","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
The price effects of greening vacant lots: How neighborhood attributes matter 绿化空地的价格效应:邻里属性的影响
IF 2.2 3区 经济学
Real Estate Economics Pub Date : 2022-07-03 DOI: 10.1111/1540-6229.12401
Desen Lin, Shane T. Jensen, Susan M. Wachter
{"title":"The price effects of greening vacant lots: How neighborhood attributes matter","authors":"Desen Lin, Shane T. Jensen, Susan M. Wachter","doi":"10.1111/1540-6229.12401","DOIUrl":"https://doi.org/10.1111/1540-6229.12401","url":null,"abstract":"","PeriodicalId":47731,"journal":{"name":"Real Estate Economics","volume":"54 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84715983","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
The hidden cost of smoking: Rent premia in the housing market 吸烟的隐性成本:住房市场的租金溢价
IF 2.2 3区 经济学
Real Estate Economics Pub Date : 2022-06-16 DOI: 10.1111/1540-6229.12399
Cigdem Gedikli, R. Hill, Oleksandr Talavera, O. Yılmaz
{"title":"The hidden cost of smoking: Rent premia in the housing market","authors":"Cigdem Gedikli, R. Hill, Oleksandr Talavera, O. Yılmaz","doi":"10.1111/1540-6229.12399","DOIUrl":"https://doi.org/10.1111/1540-6229.12399","url":null,"abstract":"In this article, we provide novel evidence on the additional costs associated with smoking. While it may not be surprising that smokers pay a rent premium, we are the first to quantify the size of this premium. Our approach is innovative in that we use text mining methods that extract implicit information on landlords’ attitudes to smoking directly from Zoopla UK rental listings. Applying hedonic, matching, and machine-learning methods to the text-mined data, we find a positive smoking rent premium of around 6%. This translates into £ 14.40 of indirect costs, in addition to £ 40 of weekly spending on cigarettes estimated for an average smoker in the United Kingdom.","PeriodicalId":47731,"journal":{"name":"Real Estate Economics","volume":"65 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91233258","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Real estate investors and the us housing recovery 房地产投资者和美国房地产复苏
IF 2.2 3区 经济学
Real Estate Economics Pub Date : 2022-06-05 DOI: 10.1111/1540-6229.12396
Lauren Lambie‐Hanson, Wenli Li, Michael Slonkosky
{"title":"Real estate investors and the us housing recovery","authors":"Lauren Lambie‐Hanson, Wenli Li, Michael Slonkosky","doi":"10.1111/1540-6229.12396","DOIUrl":"https://doi.org/10.1111/1540-6229.12396","url":null,"abstract":"","PeriodicalId":47731,"journal":{"name":"Real Estate Economics","volume":"1 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77122523","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
Job match and housing tenure 工作匹配和住房使用权
IF 2.2 3区 经济学
Real Estate Economics Pub Date : 2022-06-04 DOI: 10.1111/1540-6229.12398
N. Coulson, Walter D’Lima, D. Jinkins
{"title":"Job match and housing tenure","authors":"N. Coulson, Walter D’Lima, D. Jinkins","doi":"10.1111/1540-6229.12398","DOIUrl":"https://doi.org/10.1111/1540-6229.12398","url":null,"abstract":"","PeriodicalId":47731,"journal":{"name":"Real Estate Economics","volume":"44 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83416637","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Interpretable machine learning for real estate market analysis 用于房地产市场分析的可解释机器学习
IF 2.2 3区 经济学
Real Estate Economics Pub Date : 2022-05-31 DOI: 10.1111/1540-6229.12397
Felix Lorenz, Jonas Willwersch, Marcelo Cajias, Franz Fuerst
{"title":"Interpretable machine learning for real estate market analysis","authors":"Felix Lorenz, Jonas Willwersch, Marcelo Cajias, Franz Fuerst","doi":"10.1111/1540-6229.12397","DOIUrl":"https://doi.org/10.1111/1540-6229.12397","url":null,"abstract":"Machine Learning (ML) excels at most predictive tasks but its complex nonparametric structure renders it less useful for inference and out-of sample predictions. This article aims to elucidate and enhance the analytical capabilities of ML in real estate through Interpretable ML (IML). Specifically, we compare a hedonic ML approach to a set of model-agnostic interpretation methods. Our results suggest that IML methods permit a peek into the black box of algorithmic decision making by showing the web of associative relationships between variables in greater resolution. In our empirical applications, we confirm that size and age are the most important rent drivers. Further analysis reveals that certain bundles of hedonic characteristics, such as large apartments in historic buildings with balconies located in affluent neighborhoods, attract higher rents than adding up the contributions of each hedonic characteristic. Building age is shown to exhibit a U-shaped pattern in that both the youngest and oldest buildings attract the highest rents. Besides revealing valuable distance decay functions for spatial variables, IML methods are also able to visualise how the strength and interactions of hedonic characteristics change over time, which investors could use to determine the types of assets that perform best at any given stage of the real estate investment cycle.","PeriodicalId":47731,"journal":{"name":"Real Estate Economics","volume":"120 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139497231","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Liquidity in the mortgage market: How does the COVID‐19 crisis compare with the global financial crisis? 抵押贷款市场的流动性:COVID - 19危机与全球金融危机相比如何?
IF 2.2 3区 经济学
Real Estate Economics Pub Date : 2022-05-14 DOI: 10.1111/1540-6229.12389
Karen Pence
{"title":"Liquidity in the mortgage market: How does the COVID‐19 crisis compare with the global financial crisis?","authors":"Karen Pence","doi":"10.1111/1540-6229.12389","DOIUrl":"https://doi.org/10.1111/1540-6229.12389","url":null,"abstract":"Abstract The liquidity strains that contributed to the meltdown of the mortgage market in the Global Financial Crisis (GFC) re‐emerged in the Coronavirus 2019 (COVID‐19) Crisis. Some of these strains were acute. For example, the dependence of mortgage real estate investment trusts (REITs) on short‐term funding amplified market disruption in March 2020. However, other liquidity pressures had only minor repercussions for the overall mortgage market because of reforms since the GFC, a heavy government presence, and strong house prices. The lackluster performance of the private‐label mortgage‐backed securities market provides a glimpse of how the market might have performed in the absence of the heavy government presence.","PeriodicalId":47731,"journal":{"name":"Real Estate Economics","volume":"20 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87526491","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 7
Tracing the source of liquidity for distressed housing markets 追踪不良住房市场流动性的来源
IF 2.2 3区 经济学
Real Estate Economics Pub Date : 2022-05-10 DOI: 10.1111/1540-6229.12388
Rohan Ganduri, Steven Chong Xiao, Serena Wenjing Xiao
{"title":"Tracing the source of liquidity for distressed housing markets","authors":"Rohan Ganduri, Steven Chong Xiao, Serena Wenjing Xiao","doi":"10.1111/1540-6229.12388","DOIUrl":"https://doi.org/10.1111/1540-6229.12388","url":null,"abstract":"We show that profit-seeking institutional investors provide valuable liquidity and spur the recovery of distressed housing markets. Using a quasi-natural experiment wherein investors purchased prepackaged distressed home portfolios from government-sponsored enterprises, we find that transaction prices of properties located within 0.25 miles of bulk-sale properties increased by 1.4% <i>more</i> than homes located farther away. This positive price spillover effect helped reverse the discounts at which such properties were being sold prior to the bulk-sale event. The price spillover effect due to the bulk-sale event is greater for foreclosed homes (4.1%), homes similar to the bulk-sale homes (2.5%), and homes in highly distressed neighborhoods (7.0%). Our results highlight asset disposition through pooling and institutional participation as a potential market-driven channel for the recovery of distressed housing markets.","PeriodicalId":47731,"journal":{"name":"Real Estate Economics","volume":"345 1","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139497233","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：481959085
Book学术官方微信