Congratulations to Sam Comber, from University of Birmingham who has been awarded this year’s prize for the best undergraduate dissertation in Transport Geography, sponsored by Ashgate. The judges were impressed with the advanced statistical approach and overall methodology which went ‘well beyond those normally seen in undergraduate geography dissertations’ and felt that the dissertation overall was ‘extremely high quality’.
Sam’s abstract is below:
This paper evaluates the willingness to pay for rail investments by home-buyers. The investments examined are the Crossrail intervention in Ealing that will improve the Great Western Main Line’s service provisions. As Crossrail is currently incomplete, this paper studies the anticipation effect derived from Crossrail’s mid-2008 announcement. Anticipated benefits of rail investments should factor into home-buyers location choice criteria because of the future transport cost savings. Studying the Crossrail intervention, a three-stage regression approach is introduced to explore the nuances between the estimates of cross-sectional, spatial cross-sectional and quasi-experimental approaches (using difference-in-difference estimators). In doing so, this paper investigates the research hypothesis that Crossrail’s announcement increased housing prices, and that these increases reflected proximity to Crossrail stations. The findings concluded by this paper suggest there are statistically significant premiums for properties located nearer to the sites of planned Crossrail stations following the post-announcement period.