酒精消费与社区价值

IF 2 3区经济学 Q2 BUSINESS, FINANCE

Real Estate Economics Pub Date : 2024-02-02 DOI:10.1111/1540-6229.12473

Xiaoyu Zhang, Yunqi Zhang

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引用次数: 0

摘要

本文通过研究新加坡在一场突如其来的暴乱催化下实施禁酒令后的房价变化，探讨了获得酒精消费的价值。禁酒令对酒类消费的限制在酒类管制区内比管制区外更严格。我们发现，酒类管制区的房价变化微弱，这意味着酒类消费的效用和弊端几乎相互抵消。与此相反，距离酒类管制区 800 米以内但不在管制区内的房屋价格却有所上涨。我们研究了这些现象的潜在解释。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Alcohol consumption and the value of community

This article investigates the value of access to alcohol consumption by examining housing price changes after a liquor ban that was catalyzed by an unexpected riot in Singapore. The ban restricts alcohol consumption in liquor control zones further than in areas outside such zones. We find that the housing price changes in the liquor control zones were weak, which implies that the utility and disutility of alcohol consumption almost cancel each other out. In contrast, housing prices increased for houses within 800 m of but outside the liquor control zones. We investigate potential explanations for these phenomena.

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来源期刊

Real Estate Economics Multiple-

CiteScore

4.00

自引率

13.60%

发文量

期刊介绍： As the official journal of the American Real Estate and Urban Economics Association, Real Estate Economics is the premier journal on real estate topics. Since 1973, Real Estate Economics has been facilitating communication among academic researchers and industry professionals and improving the analysis of real estate decisions. Articles span a wide range of issues, from tax rules to brokers" commissions to corporate real estate including housing and urban economics, and the financial economics of real estate development and investment.