In this paper, we examine the effects of an airport expansion on the prices of houses and flats located under the planned flight corridors. We focus on the role of expectations about the exposure to noise and find that proximity to the planned corridors significantly reduces real estate prices in the affected areas, by around 41% to 60%, depending on the sample. Hereby, the various plans of expanding ...
Before 2004 South Africa was the dominant steam coal exporter to the European market. However a new market situation with rising global demand and prices makes room for a new entrant: Russia. The hypothesis investigated in this paper is that the three incumbent dominant firms located in South Africa and Colombia reacted to that new situation by exerting market power and withheld quantities from the ...
Spatial heterogeneity and spatial dependence are two well established aspects of house price developments. However, the analysis of differences in spatial dependence across time and space has not gained much attention yet. In this paper we jointly analyze these three aspects of spatial data. We apply a panel smooth transition regression model that allows for heterogeneity across time and space in spatial ...
The study analyses the relationship between access to rural product markets and the extent and nature of child labour. It is built on the view that if physical markets can shape rural development through, for instance, influencing prices, household production decisions and employment, the associated activity growth could increase child labour. Using household survey data from Uganda, I find that children ...
Untersuchungen über die Preise auf dem Markt für Wohnimmobilien geben in aller Regel Aufschluss über die Preise für Wohnungen in einer bestimmten Lage oder mit einer bestimmten Beschaffenheit. Das DIW Berlin hat ein Verfahren entwickelt, mit dem die Preise für verschiedenartige Wohnungen zu einer einheitlichen Größe zusammengefasst werden. Damit kann die Preisentwicklung übergreifend etwa für alle ...
We study the effect of a merger in a dynamic high-technology industry-the videogame market- which is characterized by frequent introduction of new products. To assess the impact of the merger between two large specialist retailers in the UK, we perform a difference-in-differences analysis comparing the price evolution of the merging parties to that of their 7 major competitors on an original sample ...
The North and Baltic Sea Grid is one of the largest pan-European infrastructure projects raising high hopes regarding the potential of harnessing large amounts of renewable electricity, but also concerns about the implementation in largely nationally dominated regulatory regimes. The paper develops three idealtype development scenarios and quantifies the technical-economic effects: i) the Status quo ...