Longer term housing market effects of a major US airport closure
利用丹佛斯台普顿机场关闭及再开发的独特数据，研究其对周边住房市场的长期影响，发现公告期有预期价格效应，关闭后高收入家庭迁入、黑人家庭减少，房价上涨且靠近新商业开发区的涨幅最大。
Abstract Using a unique dataset, we examine various effects of closing Denver's Stapleton Airport, and subsequent redevelopment, on nearby housing markets. We find immediate anticipatory price effects upon announcement, but no price changes at closing and little evidence of upward trending prices between announcement and closing. Post‐closure, more higher income and fewer Black households moved in, and developers built larger houses on larger lots. Increases in the price of pre‐existing housing are also found. Finally, we find that post‐closing price increases were largest in areas that were closest to the center of new commercial development and that had greater exposure to new housing construction.