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IEB13-15_Ahlfeldt.pdf (3.52 MB)

Tipus de document

Document de treball

Data de publicació

2013

Llicència de publicació

cc-by-nc-nd, (c) Ahlfeldt et al., 2013
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/115880

Homevoters vs. leasevoters: a spatial analysis of airport effects

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Resum

We use a public referendum on a new air traffic concept in Berlin, Germany as a natural experiment to analyze how the interaction of tenure and capitalization effects shapes the outcome of direct democracy processes. We distinguish between homevoters, i.e., voters who are homeowners, and leasevoters, i.e., voters who lease their homes. We expect the former to be more likely to support or op-pose initiatives that positively or negatively affect the amenity value of a neighborhood because some of the related benefits or costs of the latter are neutralized by adjustments in market rents (capitalization). Our empirical results are in line with our theoretical expectations and imply that public votes on local public goods do not necessarily reflect the spatial distribution of welfare effects in mixed-tenure environments.

Matèries

Arrendadors i arrendataris, Arrendament urbà, Referèndum

Matèries (anglès)

Landlord and tenant, Building leases, Referendum

Citació

Col·leccions

IEB (Institut d’Economia de Barcelona) – Working Papers

Citació

AHLFELDT, Gabriel M. and MAENNIG, Wolfgang. Homevoters vs. leasevoters: a spatial analysis of airport effects. IEB Working Paper 2013/15. [consulted: 3 of August of 2026]. Available at: https://hdl.handle.net/2445/115880

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