How much do users value a network expansion? Evidence from the public transit system in Singapore

We estimate the network effects of a public transit system by examining the impact of its expansion on housing prices. Our results show that a major expansion of Singapore's Mass Rapid Transit (MRT) system increased the price of apartments within 0.5 km of a pre-expansion station by 1.8% relati...

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Bibliographic Details
Main Authors: FESSELMEYER, Eric, LIU, Haoming
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2018
Subjects:
Online Access:https://ink.library.smu.edu.sg/cis_research_all/4
https://ink.library.smu.edu.sg/context/cis_research_all/article/1003/viewcontent/1_s2.0_S0166046217304374_main.pdf
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Institution: Singapore Management University
Language: English
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