@techreport{639a60edff604f4987cad0e795fb0b67,
title = "The effect of urban trees on house prices: evidence from cut-down trees in Amsterdam",
abstract = "This paper studies the effect of urban trees on house prices in Amsterdam by utilizing a detailed data set of trees that were cut-down near the house. By using exogenous reasons the tree was cut-down such as disease or storm, unobserved heterogeneity can be dealt with, and a causal effect established. We use a staggered difference-in-difference approach to hedonic pricing analysis. We find an effect of 1.19 percent decrease in house prices when a tree is cut-down within 75 meters of the house. The effect is largest when trees within that area are scarce. This provides further evidence that urban trees are a valued aesthetic amenity for home owners and should be treated accordingly.",
author = "Lynn Bouwknegt and Jan Rouwendal",
year = "2023",
month = sep,
day = "22",
language = "English",
volume = "23-059/VIII",
series = "TI Discussion Paper Series",
publisher = "Tinbergen Institute",
type = "WorkingPaper",
institution = "Tinbergen Institute",
}