Reaction of House Prices to a New Rapid Transit Line: Chicago's Midway Line, 1983–1999

By Daniel P. McMillen, J. F. Mcdonald. 2004

398 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/822cfda7e29dff95caeecde83681407881aabdfa

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Citations in the corpus

Valuing School Quality, Better Transport, and Lower Crime: Evidence from House Prices (2008, background): “…in census tract to rail transit distances arising from new transit lines $4972 increase in mean prices for a reduction in distance from 3km to 1km McMillen and McDonald (2004) 1983-1999 of proposal, construction and opening of Midway Airport – Downtown Chicago rail transit line (opened in 1993)…”
Land and Residential Property Markets in a Booming Economy: New Evidence from Beijing (2008, background): “Recent studies have documented the capitalization effects of proximity to public transit in cities such as Chicago and London (see Bowes and Ihlanfeldt, 2001; McMillen and McDonald, 2004; Gibbons and Machin, 2005).”
IF ALONSO WAS RIGHT: MODELING ACCESSIBILITY AND EXPLAINING THE RESIDENTIAL LAND GRADIENT (2011, neutral): “…concepts that allow the perceived accessibility effect to vary across stations and that gravity variables are a valuable extension to the established distance-based approach (e.g., Bowes and Ihlanfeldt, 2001; McMillen and McDonald, 2004; Gibbons and Machin, 2005; Ahlfeldt and Wendland, 2009).”
Renewable Energy and Negative Externalities: The Effect of Wind Turbines on House Prices (2014, neutral): “On the other hand, it might also be the case that because of search and transaction costs, housing markets may need time to adjust to changes in the physical environment (CaseShiller, 1989; Wheaton, 1990; McMillen and McDonald, 2004; Redfearn, 2009).”
Estimation And Hypothesis Testing For Nonparametric Hedonic House Price Functions (2010, positive): “The dataset and empirical question are similar to those in the study by McMillen and McDonald (2004): how do house prices vary with proximity to a rapid transit line?”
A Regional Economy, Land Use, and Transportation Model (Relu-Tran©): Formulation, Algorithm Design, and Testing (2007, neutral): “After the investments took place and price changes were measured, McDonald and Osuji (1995) and McMillen and McDonald (2004) claimed that the forecasts were accurate.”