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Mega-event effects on the housing market : evidence from the Beijing 2008 Olympic Games / Mei Wang, Helen X.H. Bao

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Bao, Helen X. H. | Wang, Mei

Mega-event regeneration involves extensive government funds and public participation; thus, this study emphasises the importance of verifying if these financial and human investments can be justified by the net effects of mega-event regeneration. Accordingly, the contingent valuation method is used to establish a framework to quantify the welfare effects of event regeneration from the economic, social and environmental perspectives. The study proposes a theoretical framework that enables the ranking of various event regeneration effects based on public welfare improvement. This holistic approach takes into account changes in economic, environmental and social housing conditions due to mega-event simultaneously. This leads to more reliable estimation of mega-event effects on housing market.

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