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README.md

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 This repository provides the coding for the research project "Housing Prices,
 Aiport Noise and an Unforseeable Event of Silence".
 
-Authors: Philipp Breidenbach and Patrick Thiel
+Authors: Dr. Philipp Breidenbach and Dr. Patrick Thiel
 
-Code author: Patrick Thiel
+Code author: Dr. Patrick Thiel
 
 ## Abstract
 
-To evaluate the causal impact of noise exposure on housing prices, we exploit a sudden and massive reduction in flight traffic that occurred with the onset of the COVID-19 measures in Germany. Comparing locations differently exposed to pre-pandemic noise with a difference-in-difference approach, we detect a 2.3% increase in prices for apartments that experienced a noise reduction. Disentangling temporal dynamics, we find an inverse U-shaped effect (peaking up to 6%), which does not yet allow a statement on whether effects remain persistently. In contrast to most evaluations showing that the erection of a disamenity affects prices negatively, we show that lifting the burden enables neighborhoods to catch up again immediately. The U-shaped effects hint at an irrational overreaction during the pandemic, potentially amplified by a lack of buyer information.
+To evaluate the causal impact of noise exposure on housing prices, we exploit a sudden and massive reduction in flight traffic that occurred with the onset of the COVID-19 measures in Germany. Comparing locations differently exposed to pre-pandemic noise with a difference-in-difference approach, we detect a 2.4% increase in prices for apartments that experienced a noise reduction. Disentangling temporal dynamics, we find a peak effect in mid-2021 (up to 6%), with the effect persisting until 2023, albeit at a lower magnitude. In contrast to most evaluations showing that the erection of a disamenity affects prices negatively, we show that lifting the burden enables neighborhoods to catch up again immediately. The immediate catch-up contradicts a stickiness of housing prices regarding (temporal) local factors. The temporal pattern shows a clear peak of the effects during the pandemic, which potentially hints at information asymmetries since buyers may not know the non-pandemic noise level during the pandemic.
 
 Keywords: COVID pandemic, aircraft noise, housing prices, hedonic function
 
 JEL Classification: O18, Q53
 
-## Current Publication and Citation
+## Publication and Citation
+
+Breidenbach, Philipp; Thiel, Patrick (2024) : Housing Prices, Airport
+Noise and an Unforeseeable Event of Silence, Journal of Housing Economics, Vol. 66,
+https://doi.org/10.1016/j.jhe.2024.102026.
+
+## Other versions
 
 Breidenbach, Philipp; Thiel, Patrick (2023) : Housing Prices, Airport
 Noise and an Unforeseeable Event of Silence, Ruhr Economic Papers, No. 1020, ISBN
 978-3-96973-186-4, RWI - Leibniz-Institut für Wirtschaftsforschung, Essen,
-https://doi.org/10.4419/96973186.
-
+https://doi.org/10.4419/96973186. https://www.econstor.eu/bitstream/10419/270964/1/REP-23-1020.pdf
 
 ## Download latest version here:
-https://www.econstor.eu/bitstream/10419/270964/1/REP-23-1020.pdf
+
+https://www.sciencedirect.com/science/article/pii/S1051137724000457