A hedonic analysis of the value of rail transport in the Greater Dublin area

Mayor, Karen, Lyons, Seán, Duffy, David and Tol, Richard S J (2012) A hedonic analysis of the value of rail transport in the Greater Dublin area. Journal of Transport Economics and Policy, 46 (2). pp. 239-261. ISSN 0022-5258

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Abstract

We use a hedonic house price model to estimate the value of transport networks to homeowners in the Dublin area. Using a data set of house sales and data on rail lines in Dublin, we assess the values assigned to different transport links by homeowners. We find that the value attributed to transport depends on its distance from a property and is affected by the availability of alternative transport options. There are differences in the values assigned to recently constructed tramlines compared to the traditional rapid transit train stations. The study also takes into account house characteristics and other environmental amenities.

Item Type: Article
Keywords: Hedonic Regression; Train; Tram; Transport Network; Ireland; Geographical Information System
Schools and Departments: School of Business, Management and Economics > Economics
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences > GE170 Environmental policy
H Social Sciences > HB Economic theory. Demography
H Social Sciences > HE Transportation and communications > HE0305 Urban transportation
Depositing User: Richard Tol
Date Deposited: 23 Apr 2012 13:07
Last Modified: 15 Mar 2013 09:06
URI: http://sro.sussex.ac.uk/id/eprint/36140
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