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Keyword: hedonic adaptation; 

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CEP discussion paper
Machiavelli versus concave utility functions: should bads be spread out or concentrated?

Is wellbeing higher if the same number of negative events is spread out rather than bunched in time? Should positive events be spread out or bunched? We answer these questions exploiting quarterly data on six positive an...Read more...

Paul Frijters, Christian Krekel and Aydogan Ulker

13 March 2020

CentrePiece article
In brief... Fear of fracking: the impact on UK house prices

Shale gas offers the prospect of a low-cost energy future – but does extracting it invoke anxieties about the possibility of environmental catastrophe among local residents? Research by Steve Gibbons and colleagues detec...Read more...

Stephen Gibbons, Stephan Heblich, Esther Lho and Christopher Timmins

13 December 2016

SERC/Urban and Spatial Programme Discussion Paper
Fear of Fracking? The Impact of the Shale Gas Exploration on House Prices in Britain

Shale gas has grown to become a major new source of energy in countries around the globe. While its importance for energy supply is well recognized, there has also been public concern over potential risks – such as dama...Read more...

Steve Gibbons, Stephan Heblich, Esther Lho and Christopher Timmins

26 October 2016

CEP discussion paper
Team adaptation

We model an organization as a team choosing between a status quo project and a potentially superior alternative. We show that the members’ concern for each other’s motivation leads to a lack of communication, resulting i...Read more...

Jordi Blanes i Vidal and Marc Möller

6 April 2016

SERC/Urban and Spatial Programme Discussion Paper
The Role of Education for Amenity Based Sorting in British Cities

This paper investigates the relation between amenities and skills by looking at the sorting behavior of skilled individuals across neighbourhoods within British cities. Using a detailed micro dataset on housing transacti...Read more...

Luisa Gagliardi and Teresa Schlüter

1 October 2015

CEP discussion paper
Adaptation to Poverty in Long-Run Panel Data

We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show first...Read more...

Andrew E. Clark, Conchita D'Ambrosio and Simone Ghislandi

21 November 2014

SERC/Urban and Spatial Programme Discussion Paper
Asymptotic Properties of Imputed Hedonic Price Indices

Hedonic price indices are currently considered to be the state-of-the-art approach to computing constant-quality price indices. In particular, hedonic price indices based on imputed prices have become popular both among ...Read more...

Olivier Schöni

20 October 2014

SERC/Urban and Spatial Programme Discussion Paper
Urban Renewal after the Berlin Wall

Urban renewal areas are popular but empirically understudied spatial planning instruments designed to prevent urban decline and induce renewal. We use a quasi-experimental research design to study the effects of 22 renew...Read more...

Gabriel M. Ahfeldt, Wolfgang Maennig and Felix J. Richter

18 December 2013

CentrePiece article
In brief: The long reach of childhood bullying

Does the fear of being bullied in childhood affect people's resilience to adverse life events they may face in adulthood? The author investigates whether the 'scarring' effects are particularly damaging to individuals wh...Read more...

Nattavudh Powdthavee

27 June 2013

SERC/Urban and Spatial Programme Discussion Paper
Urbanity

I define a composite amenity that provides aesthetic and consumption value to local residents: Urbanity. A novel data set of geo-tagged photos shared in internet communities serves as a proxy for urbanity. From the spati...Read more...

Gabriel M. Ahfeldt

17 May 2013

CEP discussion paper
Decision–Making and Implementation in Teams

We use a mechanism–design approach to study a team whose members choose a joint project and exert individual efforts to execute it. Members have private information about the qualities of alternative projects. Informatio...Read more...

Jordi Blanes i Vidal and Marc Möller

7 May 2013

CEP discussion paper
Smoking, Income and Subjective Well-Being: Evidence from Smoking Bans

This paper investigates the effects of local smoking bans on different outcomes using county and time variation over the last 20 years in the US. First, I find no evidence that local smoking bans in bars, restaurants and...Read more...

Abel Brodeur

29 April 2013

SERC/Urban and Spatial Programme Discussion Paper
Rocketing Rents The magnitude and attenuation of agglomeration economies in the commercial property market

Rocketing rents in urban areas are likely explained by agglomeration economies. This paper measures the impact of these external economies on commercial property values using unique micro¿]data on commercial rents and em...Read more...

Hans R. A. Koster

7 January 2013

SERC/Urban and Spatial Programme Discussion Paper
Historic Amenities, Income and Sorting of Households

We test the impact of historic amenities on house prices and sorting of households within cities. Conservation area boundaries enable us to employ a semiparametric regression-discontinuity approach to measure the impact ...Read more...

Hans R. A. Koster, Piet Rietveld and Jos Van Ommeren

7 January 2013

CEP discussion paper
Resilience to Economic Shocks and the Long Reach of Childhood Bullying

This paper investigates whether people’s ability to withstand and adapt to one of the most important economic shocks – job loss – is determined early on in childhood. Using nationally representative longitudinal data tha...Read more...

Nattavudh Powdthavee

19 October 2012

SERC/Urban and Spatial Programme Discussion Paper
Valuing Iconic Design: Frank Lloyd Wright Architecture in Oak Park, Illinois

This study investigates the willingness of homebuyers to pay for co-location with iconic architecture. Oak Park, Illinois was chosen as the study area given its unique claim of having 24 residential structures designed b...Read more...

Gabriel M. Ahfeldt and Alexandra Mastro

July 2011

SERC/Urban and Spatial Programme Discussion Paper
If We Build, Will They Pay? Predicting Property Price Effects of Transport Innovations

In this study I develop a partial equilibrium approach for the prediction of property price effects of transport network extensions. It combines a gravity-type labor market accessibility indicator with a transport decisi...Read more...

Gabriel Ahlfeldt

March 2011

SERC/Urban and Spatial Programme Discussion Paper
The Amenity Value of English Nature: A Hedonic Price Approach

Using a hedonic property value price approach, we estimate the amenity value associated with proximity to habitats, designated areas, domestic gardens and other natural amenities in England. There is a long tradition of ...Read more...

Steve Gibbons, Susana Mourato and Guilherme Resende

March 2011

SERC/Urban and Spatial Programme Discussion Paper
Towards the Resilient Region?: Policy Activism and Peripheral Region Development

Discussions of local and regional development have recently broadened from a preoccupation with growth to one which captures the notion of resilience. This paper makes two main contributions to these debates. First, the ...Read more...

Stuart Dawley, Andy Pike and John Tomaney

September 2010

CEP discussion paper
Lags and Leads in Life Satisfaction: A Test of the Baseline Hypothesis

We look for evidence of habituation in twenty waves of German panel data: do individuals, after life and labour market events, tend to return to some baseline level of well-being? Although the strongest life satisfaction...Read more...

Andrew E. Clark, Ed Diener, Yannis Georgellis and Richard E. Lucas

November 2007

CEP discussion paper
The Growth of Network Computing: Quality Adjusted Price Changes for Network Servers

In this paper we investigate the evolution of quality adjusted prices for servers motivated by two facts. First, the productivity acceleration in the US economy since the mid 1990s is closely linked to spread of informat...Read more...

John Van Reenen

July 2005