0000000000124175
AUTHOR
Theis Theisen
showing 8 related works from this author
The Road to Higher Prices: Will Improved Road Standards Lead to Higher Housing Prices?
2020
AbstractWe study the impact of improved road standards on housing prices in a region of Southern Norway, where towns are located along the coast, like pearls on a string, with sparsely populated areas between the towns. In this region towns have since long been linked together by a road, but in 2009 a new highway, roughly parallel to the old road, was opened. The new highway runs Eastwards from the main town in the region and reduced one-way commutes to the main town by 10–15 min. We examine how this change in transportation infrastructure has affected housing prices, using difference-in-difference regressions to identify the impact of the new highway. Three smaller towns located East of th…
The impact of an urban toll ring on housing prices
2020
Abstract Building on standard urban economics theory we set up a stylized model within which we demonstrate that the imposition of a toll ring leads to higher housing prices within the ring, and lower outside the ring. We examine this prediction empirically by using transaction data for 15,306 dwellings in the Norwegian town of Kristiansand, where since 1992 there has been a toll ring. We find that the toll ring implies 6.9 per cent higher housing prices within the toll ring than outside it. The relationship between toll fees and housing prices seems to be stable over time. The impact of the toll ring on the prices of detached houses, apartments, row houses and twin houses is strikingly dif…
The Impact of Financial Arrangements and Institutional Form on Housing Prices
2009
Published version of an article from the journal: The Journal of Real Estate Finance and Economics. Also available on SpringerLink: http://dx.doi.org/10.1007/s11146-009-9213-z Dwellings in housing cooperatives constitute 15% of the Norwegian housing property market. The price paid for such dwellings consists of two elements: An equity price and a share of the mutual debt held by the cooperative. The interest rate paid on the housing cooperative’s mutual debt is in Norway lower than the interest rate paid on private loans. This gives rise to an interest discount effect . We find convincing empirical support for the interest discount effect, which contributes to a higher equity price for dwel…
Gir boplikt lavere boligpriser?
2020
Siden 1974 har norske kommuner hatt adgang til å innføre boplikt for eiendommer som er eller har vært i bruk som helårsbolig. Ordningen har helt siden den ble innført, vært svært omstridt. Vi undersøker hvordan boplikt påvirker boligprisene. Geografisk avgrenser vi oss til kystkommuner på Sørlandet, der mange som har sin faste bopel andre steder i landet, etterspør fritidsbolig. Uten boplikt kan helårsboliger bli kjøpt opp for å bli brukt som fritidsboliger. Den empiriske analysen, basert på data fra fire sørlandskommuner, hvorav den største kommunen, Arendal, opphevet boplikten i 2014, viser at prisene i kystsonen økte da boplikten ble opphevet.
What Makes People Nursing Home Residents: Individual Need or Municipalities’ Supply?
2016
In a context where admissions to nursing homes are strictly rationed we examine which individuals become nursing home residents. Rationing decisions are taken by municipalities. Using a national sample we estimate the impact on the rationing decision of individual characteristics and characteristics of the municipalities in which individuals live. High age, lack of self-care productivity and lack of cognitive ability have a positive impact on whether an individual is in a nursing home. By contrast, ample access to informal care has a substantial negative impact on the probability of residing in a nursing home. Men have a slightly lower incidence than women of living in a nursing home. Munic…
House prices and proximity to kindergarten – costs of distance and external effects?
2018
Parents accompany children to day-care, implying costs of time and money. Distance to kindergarten may therefore be an important locational attribute, which is likely to be discounted into house pr...
Municipalities’ Decision to Care: At Home or in a Nursing Home
2020
AbstractAn almost ideal demand system for long-term care is estimated using data from Norway, where the split of long-term care between home care and care in nursing homes is determined by municipalities. Previous literature has barely addressed what determines municipalities’ or other organizations’ allocations of resources to the sub-sectors of long-term care. The results show that home care is a luxury, while nursing home care is a necessity with respect to total expenditures on long-term care. Municipalities respond to high unit costs for home care by reducing that type of care. Municipalities are highly responsive to variations in the need for the two types of care and seem to provide …
State dependence in sequential equity judgements
2010
Published version of an article from the journal: Social Choice and Welfare. Also available from the publisher on SpringerLink:http://dx.doi.org/10.1007/s00355-010-0482-5 We report the results from a questionnaire-type experiment designed to elicit whether individuals decide in accordance with the equity axiom constituent for Rawls's second principle. The experiment is sequential in nature. Hence it generates panel data. We use recently developed panel data methods for studying the role that state dependence and unobservable individual-specific effects play for the observed equity judgements. The results indicate that a dominant share of our probants initially adhere to Hammond's equity axi…