Is there a diminishing willingness to pay for consumption amenities as a result of the Covid-19 pandemic?
利用新冠疫情作为意外事件，通过特征价格模型和双重差分法，研究斯德哥尔摩公寓对餐饮、影院等消费便利设施的支付意愿变化，发现便利设施丰富型公寓价格下降3.9%。
We employ the Covid-19 pandemic as an unanticipated event in order to investigate the willingness to pay for consumption amenities such as restaurants, cinemas and theaters. We use a hedonic pricing model in combination with a time-gradient difference-in-difference approach. Our data set contains virtually all apartments for sale in the larger Stockholm area. We use a very detailed and flexible definition of the density of consumption amenities based on the exact location of these amenities and the walking distance from the apartments to these amenities. Although there are differences between specifications, we find a decrease of 3.9 percent of apartments that we label as amenity rich. Based on the average apartment price, this equals a drop of 195,240 Swedish Kronor (or almost 22,000 US dollars).